Trina Solar Under Pressure After Earnings Report

Filed under: Earnings Reports, Trina Solar ADS (TSL), Technology

Trina Solar Limited (TSL) is having a little trouble this session getting a bid. Actually, it's having a lot of trouble. At the time of this writing, the company's American Depository Shares (ADSs) were down 7% to $22.21. Significant volume accompanied the sell-off.



Earlier today, the maker of solar photovoltaic items reported results for the third quarter. According to Reuters, sales went up over 100% to $508 million. Net income of $1.08 per ADS beat the consensus estimate by 21 pennies. The gross margin experienced an improvement on a year-over-year basis. Seems like a data set that should be bought, right?

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Trina Solar Under Pressure After Earnings Report originally appeared on BloggingStocks on Tue, 30 Nov 2010 17:00:00 EST. Please see our terms for use of feeds.

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