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Suntech Power Holdings Co. Ltd. Message Board

  • tribeslore tribeslore Mar 8, 2011 5:43 PM Flag

    Streetinsider just posted this to Wallstreet

    Suntech Power Holdings (STP) Misses Q4 EPS by 5c; Revs Beat; Guides Q1, FY11 Shipments
    Suntech Power Holdings (NYSE: STP) reported Q4 EPS of $0.24, $0.05 worse ...


    This could be interesting...

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    • It appears that they are excluding the investment gains.

    • chevyguyss10@rocketmail.com chevyguyss10 Mar 8, 2011 5:58 PM Flag

      what is up with that. they said they missed

    • LMAO! That is funny. Wild and crazy stuff! Thanks for finding that huge mistake (unless some think they are purposely lying like many analysts have been over the last couple of years with solars).

    • if the truth wont set you frr han lie! interesting!

    • ?????
      what is that about?
      that's not even close to the truth.

      • 1 Reply to petelato
      • http://www.streetinsider.com/Corporate+News/Suntech+(STP)+Shares+Pop+on+Q4+Revs+Beat,+Strong+FY11+Forecast/6354089.html

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        Suntech (STP) Shares Pop on Q4 Revs Beat, Strong FY11 Forecast


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        March 8, 2011 4:50 PM EST

        Suntech Power Holdings (NYSE: STP) posted mixed fourth-quarter results on Tuesday, but shares are higher in extended trade after the company guided for revenue in the current year ahead of the Street.

        The solar power equipment company reported fourth-quarter earnings of 24 cents per share, 5 cents below the analyst estimate of 29 cents per share.

        Revenue for the company rose 27.1 percent to $945.1 million in the three month period ended December 31, easily topping the market consensus of $843.26 million.

        Suntech reported that PV shipments increased 19.8 percent from the previous quarter and 87.3 percent from the year-ago quarter.

        "2010 was another landmark year for Suntech and the solar industry," said Dr. Zhengrong Shi, Chairman and CEO. "We surpassed our shipment and revenue targets by setting new solar industry records for both quarterly and annual solar panel shipments. We maintained a strong position in established markets, while continuing to diversify into regions that will drive the next stage of growth in the solar industry."

        Looking forward, Suntech sees PV shipments flat in the fourth quarter and shipments of at least 2.2GW for the full year.

        The company also sees full year revenue in the range of $3.4-$3.6 billion, ahead of the Street's view of $3.35 billion.

        Shares of Suntech are up 3.89 percent to $9.35 in aftermarket movement on Tuesday.

 
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