Trina Solar Ltd. Profit Climbs 59% In Q3

(RTTNews) - Trina Solar Ltd. (TSL) revealed a profit for its third quarter that rose from last year.

The company said its bottom line totaled $18.26 million, or $0.21 per share. This was higher than $11.49 million, or $0.14 per share, in last year's third quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 28.5% to $792.60 million. This was up from $616.84 million last year.

Trina Solar Ltd. earnings at a glance:

-Earnings (Q3): $18.26 Mln. vs. $11.49 Mln. last year. -Earnings Growth (Y-o-Y): 58.9% -EPS (Q3): $0.21 vs. $0.14 last year. -EPS Growth (Y-o-Y): 50.0% -Analysts Estimate: $0.28 -Revenue (Q3): $792.60 Mln vs. $616.84 Mln last year. -Revenue Change (Y-o-Y): 28.5%