Trina Solar Turns To Profit In Q3 - Quick Facts

(RTTNews) - Trina Solar Limited (TSL) reported third-quarter net income attributable to company of $9.90 million, compared to a loss of $57.46 million, prior year. Profit per ADS was $0.14, compared to a loss of $0.81, prior year.

On average, ten analysts polled by Thomson Reuters expected the company to report a loss per share of $0.14 for the quarter. Analysts' estimates typically exclude special items. Net revenues rose to $548.39 million, from $297.97 million, a year ago. Analysts expected revenue of $472.92 million for the quarter. Total shipments were 774.6 MW, compared to 380.3 MW in the third quarter of 2012. Gross margin was 15.2% in the third quarter of 2013, compared to 0.8% in the third quarter of 2012.

During the fourth quarter of 2013, the company expects to ship between 760 MW to 790 MW of PV modules. For the full year 2013, the company revises its previous PV module shipment guidance of between 2.3 GW and 2.4 GW to 2.58 GW and 2.62 GW.