Trina Solar Limited (ADR) (TSL) announced its most recent quarterly financial results on Wednesday, Nov-23-2016. TSL said it had a profit of $0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.21. The company posted revenue of $741.10 million in the period, compared to analysts expectations of $824.87 million. TSL’s revenue was down -6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Trina Solar Limited (ADR) closed down -0.06 points or -0.58% at $10.33 with 4,85,399 shares getting traded on Monday. Post opening the session at $10.4, the shares hit an intraday low of $10.28 and an intraday high of $10.43 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.