Trina Solar Lifts Q2 Solar Module Shipments Estimate - Quick Facts

(RTTNews) - Trina Solar Limited (TSL) said that it expects its solar module shipments in the second quarter of 2013 to be between 630 MW and 660 MW, compared to the company's previous guidance of 500 MW to 530 MW. Additionally, for the second quarter of 2013, the Company estimates overall gross margin to be between 11.0% and 12.0%, compared to the Company's previous guidance of middle single digits in percentage terms.

The company further expects its bottom line results in the second quarter of 2013 to be impacted by: an incremental accounts receivables provision of between $8.0 million and $9.0 million; a charge between $8.5 million and $9.5 million for certain assets that were ceased to be used during the quarter.

The company noted that it will confirm or revise its previous shipment guidance of between 2.0 GW and 2.1 GW for the full year 2013 during its second quarter 2013 earnings conference call.

The company stated that it will announce its second quarter 2013 results via a conference call at 8:00 a.m. US ET on August 20, 2013.