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ReneSola Announces Earnings
Friday, November 30, 3:40 PM ET

ReneSola (NYSE:SOL) announced that it lost $78.6 million, or 91 cents per American depository share for the quarter ended September 30, versus a loss of $8.2 million, or 9 cents per ADS, in the same period a year earlier. Results included a $31.6 million inventory value write down. Revenue increased by 15 percent to $218.2 million from $189.1 million. Analysts had expected a loss of 31 cents per share on $215.8 million in revenue.

Shares are higher by about 8.5 percent.

Rival LDK Solar (LDK) will announce earnings on December 3, with analysts expecting a loss of $1.30 per share, versus a loss of 51 cents in the same period last year.

For MarketNewsVideo.com, I'm Sayoko Murase.

ReneSola Announces Earnings picture
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