Trina Solar Misses on Revs; TSL Stock Dips

Trina Solar’s (TLS) earnings report for the third quarter of 2014 is in.

trina-solar-tslTrina Solar posted earnings of 14 cents per fully diluted American Depositary Share for Q3 2014. This is the same as Q2 2014 and Q3 2013. Net income was $10.6 million, which is up from the $9.9 million reported in Q3 2013.

As for revenue, Trina Solar posted $616.8 million in the third quarter of 2014. This is up about 12% from the same time last year.

While Trina Solar revenue was up compared to last year, it missed the earnings estimates. The company was expected to report earnings of $646 million for the third quarter of 2014.

In its third-quarter earnings report, Trina Solar changed its guidance for 2014. The company now expects to deliver 3.61 GW to 3.66 GW during this time. Earlier guidance had it estimating it would deliver 3.6 GW to 3.8 GW.

TSL shares were down 5% as of Monday afternoon.

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