Suntech Power (STP) drops 6.1% after preannouncing Q3 results. While the solar module maker says...

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

Suntech Power (STP) drops 6.1% after preannouncing Q3 results. While the solar module maker says revenue was north of $800M (above a $780.7M consensus), and its gross margin for the quarter was ~13% (at the high end of prior guidance), it adds that it expects to incur a larger-than-expected forex loss for Q3, due to euro/dollar volatility.