Suntech Power (STP) issues preliminary results for Q3, indicating shipments of photovoltaic...

|About: Suntech Power Holdings Co.,... (STP)|By:, SA News Editor

Suntech Power (STP) issues preliminary results for Q3, indicating shipments of photovoltaic products declined ~10% Q/Q, and revenues of ~$387M was a decline of 18% Q/Q. Expects Q4 shipments of PV products to decline by a low single digit percentage vs. Q3. Will restate FY 2012 and Q1 2012 earnings as it was a victim of fraud in connection with GSF Capital.