% | $
Quotes you view appear here for quick access.

Suntech Power Holdings Co. Ltd. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • wtffinance wtffinance Mar 8, 2011 6:12 PM Flag

    Streetinsider just posted this to Wallstreet,+Strong+FY11+Forecast/6354089.html

    Create E-mail Alert
    Suntech (STP) Shares Pop on Q4 Revs Beat, Strong FY11 Forecast

    More News related to STP
    After-Hours Movers 03/08: (COOL) (AVAV) (CKEC) Higher; (FNSR) (JDSU) (SAM) (VITA) (OPLK) Lower
    Suntech (STP) Shares Pop on Q4 Revs Beat, Strong FY11 Forecast
    Suntech Power Holdings (STP) Misses Q4 EPS by 5c; Revs Beat; Guides Q1, FY11 Shipments
    Suntech Reports Fourth Quarter and Full Year 2010 Financial Results
    Solar Stocks In Focus as Italy Expected to Draft Decree on Renewable Incentives Within Two Weeks
    More News related to STP

    More News related to Corporate News
    Bunge (BG) Prices $500M Senior Notes Offering
    Warner Chilcott (WCRX) Announces 25M Common Secondary Offering
    Global Payments (GPN) Expands VIP LightSpeed to Ten New U.S. Casinos
    ReneSola (SOL) Announces $175M Convertible Senior Note Offering
    American Tower (AMT) Acquired 960 Towers in South Africa
    More News related to Corporate News

    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.

0.3658-0.0142(-3.74%)May 22 3:58 PMEDT