China Sunergy Co.,Ltd (CSUN) Misses Q2 EPS Views; Guides Q3, FY11 Shipments
Tweet
Share
E-mailGet Alerts CSUN Hot Sheet
Join SI Premium – FREE
China Sunergy Co.,Ltd (NASDAQ: CSUN) reported Q2 EPS of ($0.42), $0.24 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $144 million versus the consensus estimate of $164.96 million.
Shipments were 89.3-MW in the quarter.
The Company believes that third quarter shipments will be 140MW to 160MW. The Company expects its gross margin for the third quarter of 2011 to be between 4% and 5%, with an in-house margin of 6% to 7%.
For the full year 2011 guidance, the Company now expects its solar module shipments to be between 470MW and 500MW.
Shipments were 89.3-MW in the quarter.
The Company believes that third quarter shipments will be 140MW to 160MW. The Company expects its gross margin for the third quarter of 2011 to be between 4% and 5%, with an in-house margin of 6% to 7%.
For the full year 2011 guidance, the Company now expects its solar module shipments to be between 470MW and 500MW.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rent the Runway (RENT) Reports Q2 Loss of $0.38/sh
- RH (RH) Tops Q2 EPS by $2.31
- Shoe Station Group Inc. (SHOE) Tops Q2 EPS by 11c ; Offers Guidance
Create E-mail Alert Related Categories
Earnings, GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
