ReneSola (SOL) Tops Q2 EPS by 9c; Guides Q3 Revenue Above Expectations

ReneSola (NYSE: SOL) reported Q2 EPS of ($0.02), $0.09 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $268.4 million versus the consensus estimate of $283.03 million.

Total solar module shipments were 322.0 megawatts ("MW"), representing a decrease of 35.1% from Q1 2015. Total solar wafer and module shipments in Q2 2015 were 603.7MW, compared to 691.5MW in Q1 2015, and 698.3MW in Q2 2014.

ReneSola sees FY2015 revenue of $330-340 million, versus the consensus of $278.3 million.

For earnings history and earnings-related data on ReneSola (SOL) click here.

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