Trina Solar raises Q3 2013 guidance

Changzhou, China - Trina Solar announced updates to its previous guidance made for the quarter ended September 30, 2013.

The Company estimates its solar module shipments in the third quarter of 2013 to be between 750 MW to 780 MW, compared to the Company's previous guidance of 650 MW to 680 MW. Additionally, for the third quarter of 2013, the Company estimates that its overall gross margin to be between 14.5% to 15.5%, compared to the Company's previous guidance of low double digits in percentage terms.

The Company expects its net earnings results in the third quarter of 2013 to be impacted by an incremental accounts receivable provision of between $9.5 million and $10.5 million and a foreign currency exchange gain of $7.5 million to $8.5 million, net of change in fair value of derivative instruments. As these selected estimated results are subject to the finalization of the Company's financial closing procedures, the Company's actual results may differ from its current estimates. The Company will confirm or revise its previous module shipment guidance of between 2.3 GW to 2.4 GW for the full year 2013 during its third quarter 2013 earnings conference call.

Source: IWR Online, 06 Nov 2013