Trina Solar Turns To Profit In Q4 - Quick Facts

(RTTNews) - Trina Solar Limited (TSL) reported fourth-quarter net income attributable to company of $9.76 million, compared to a loss of $87.18 million, last year. Earnings per ADS was $0.13, compared to a loss of $1.23 per share, prior year.

On average, ten analysts polled by Thomson Reuters expected the company to report a loss of $0.02 per share, for the quarter. Analysts' estimates typically exclude special items. Net revenues were $525.64 million, compared to $302.75 million, a year ago. Analysts expected revenue of $543.47 million for the quarter. In the first quarter of 2014, the company expects to ship between 670 MW to 700 MW of PV modules, of which 20 MW to 30 MW of PV modules will be shipped to its downstream PV projects. The company believes its blended gross margin for the first quarter of 2014, taking into account of the contribution from its downstream PV projects, will be in the mid-teens in percentage terms.

For the full year of 2014, the company expects its total PV module shipments between 3.6 GW and 3.8 GW, of which 400 MW to 500 MW of PV modules will be shipped to its own downstream projects. This would represent an increase of 39.5% to 47.3% respectively, from 2013. For the full year 2014, the company expects to complete construction of its downstream PV projects between 400 MW and 500 MW.