- Trina Solar's (TSL) Q2 net loss narrowed to $0.47/ADS from $1.30/ADS in the year-ago quarter, as it shipped 647 MW of PV modules vs. 393 MW shipped in Q1 and 419 MW shipped a year earlier.
- Gross margins rose to 11.6% from 1.7% in Q1 and 8.4% a year earlier, as panel prices stabilized and manufacturing costs declined.
- During Q3, TSL expects to ship 650-680 MW of panels, sees gross margins in the low double digits; for FY 2013, raises its previous PV module shipment guidance of 2.0-2.1 GW to 2.3-2.4 GW.
- Shares +4% premarket.
More on Trina Solar's Q2 results, shares +4% premarket
Aug 20 2013, 07:45 ET