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Trina Solar Doubles Earnings in Q4

Tweet Trina Solar (NYSE:TSL), a solar panel manufacturer, reported on Tuesday its fourth quarter earnings nearly tripled, beating analyst estimates by a wide margin. Fourth quarter net income was $145.3 million, or $1.87 per American Depositary Share (“ADS”). The results included a net foreign currency exchange gain of $25.3 million. That compares to a net income of $48.8 million, or 74 cents per ADS, in the year-ago period. Meanwhile, revenues more than doubled to $641.8 million. Analysts polled by Thomson Reuters expected the company to earn $1.09 a share on revenues of $525.31 million. CEO Jifan Gao said: Our growth in 2010 demonstrates the successful execution of our strategy to expand sales across distribution segments and geographic end markets in North America … Read entire article »