Trina Solar Ltd. (NYSE:TSL) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5%.
Trina Solar Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.47 in the quarter versus EPS of $-1.30 in the year-earlier quarter.
Revenue: Rose 27.35% to $440.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Trina Solar Ltd. reported adjusted EPS loss of $0.47 per share. By that measure, the company beat the mean analyst estimate of $-0.57. It beat the average revenue estimate of $374.89 million.
Quoting Management: “I am pleased to announce that we achieved record quarterly shipment numbers in the second quarter of 2013, exceeding our original guidance by more than 100 MW,” said Mr. Jifan Gao, chairman and CEO of Trina Solar. “With robust global demand, we took full advantage of our global sales network and strong brand to seize available commercial opportunities. In terms of pricing, the average selling price (“ASP”) of modules has stabilized, reversing the falling trend seen in previous quarters. As a result of our on-going efforts to improve operational efficiency and control manufacturing costs, we achieved continuing reductions in non-silicon costs, which contributed to quarter-on-quarter margin improvement.”
Key Stats (on next page)…