Trina Solar Ltd. Bottom Line Rises 91% In Q1

(RTTNews) - Trina Solar Ltd. (TSL) announced earnings for its first quarter that rose compared to the same period last year.

The company said its bottom line advanced to $26.62 million, or $0.29 per share. This was up from $13.91 million, or $0.16 per share, in last year's first quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 46.4% to $816.90 million. This was up from $558.09 million last year.

Trina Solar Ltd. earnings at a glance:

-Earnings (Q1): $26.62 Mln. vs. $13.91 Mln. last year. -Earnings Growth (Y-o-Y): 91.4% -EPS (Q1): $0.29 vs. $0.16 last year. -EPS Growth (Y-o-Y): 81.2% -Analysts Estimate: $0.22 -Revenue (Q1): $816.90 Mln vs. $558.09 Mln last year. -Revenue Change (Y-o-Y): 46.4%