Revenue Update on Trina Solar Limited (ADR)(NYSE:TSL)

Trina Solar Limited (ADR)(NYSE:TSL) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Nov 23, 2016. Company reported revenue of $741.06M. Analysts estimated a revenue of $823.17M. The revenues were $-82.11M or NaN% below the estimates. Earnings per share were $0.29. The reported EPS was above estimates by $0.18 or 163.64%. Analysts had estimated an EPS of $0.11.

Trina Solar Limited (ADR) (TSL) shares turned negative on Fridays trading session with the shares closing down -0.3 points or -2.91% at a volume of 23,89,567. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.34. The peak price level was also seen at $10.34 while the days lowest was $9.96. Finally the shares closed at $10.02. The 52-week high of the shares is $11.35 while the 52-week low is $6.91. According to the latest information available, the market cap of the company is $928 M.

Trina Solar Limited is an integrated solar power products manufacturer and solar system developer. The Company develops designs constructs operates and sells solar power projects that primarily use the solar modules it manufactures. The Company has two segments: manufacturing segment and solar power projects segment. The Company’s manufacturing segment designs develops manufactures and sells photovoltaic (PV) modules and integrates the manufacturing of ingots wafers and solar cells for use in its PV module production. The Company’s solar power projects segment designs and constructs in order to operate or sell solar power projects in China the United Kingdom Japan the Middle East and India. The Company produces standard monocrystalline PV modules ranging from between 210 watts and 215 watts to between 270 watts and 275 watts in power output and multicrystalline PV modules ranging from between 250 watts and 265 watts to between 300 watts to 315 watts in power output.

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