More on Suntech's (STP) Q2 results: Free cash flow was -$118M. Gross margin was 15.1%, down from...

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

More on Suntech's (STP) Q2 results: Free cash flow was -$118M. Gross margin was 15.1%, down from 19.7% in Q2 2010. Company expects 15% Q/Q increase in module shipments. Sees 2011 revenue of $3.2B-$3.4B, in-line with $3.3B consensus, and gross margin (exc. one-time charge) of 13-15%. STP +1.6% premarket. (PR)