trina solar ltd-spon adr (TSL:New York)
trina solar ltd-spon adr (TSL) Key Developments
Trina Solar Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenues of $260.222 million, operating loss of $40.066 million, loss before income taxes of $69.826 million, net loss attributable to company of $63.741 million or $0.90 per basic and diluted share compared to the net revenues of $349.880 million, operating loss of $39.887 million, loss before income taxes of $38.643 million, net loss attributable to company of $29.821 million or $0.42 per basic and diluted share for the same quarter year ago. Total bank borrowings were $1,226.4 million, of which $395.5 million were long-term borrowings. The Company decreased its short-term borrowings by $45.0 million to approximately $830.8 million as of March 31, 2013. During the second quarter of 2013, the Company expects to ship between 500 MW to 530 MW of PV modules. The company expects overall gross margin to be in the middle single-digit in the percentage terms. Such guidance is based on average fixed rate, FX rates between euro and U.S. dollar from April to May 29, 2013. For the full year 2013, the Company maintains its previous guidance of 2.0 GW to 2.1 GW for total PV module shipments. Maintain CapEx will be approximately $60 million for the year 2013.
Trina Solar Limited announced that they will report Q1, 2013 results on May 29, 2013
Trina Solar Limited, Q1 2013 Earnings Call, May 29, 2013
Trina Solar Limited provided earnings guidance for the first quarter ended March 31, 2013. For the quarter, the company estimates its solar module shipments in the first quarter of 2013 to be between 390 MW to 400 MW, compared to the company's previous guidance of 420 MW to 430 MW. Additionally, for the first quarter of 2013, the company estimates that overall gross margin to be between 1.0% to 3.0%, in-line with the company's previous guidance of low single digits in percentage terms.
Trina Solar Limited Presents at Sixth Annual Solar Summit, Apr-24-2013 10:45 AM. Venue: The Wigwam Resort, 300 East Wigwam Boulevard, Litchfield Park, AZ 85340, United States. Speakers: Nico Johnson, Business Manager, Latin America and Caribbean.

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