ReneSola: 3Q Earnings Snapshot
SHANGHAI (AP) _ ReneSola Ltd. (SOL) on Monday reported profit of $2.4 million in its third quarter.
The Shanghai-based company said it had profit of 6 cents per share. Earnings, adjusted for asset impairment costs, were 17 cents per share.
The solar energy company posted revenue of $66 million in the period.
For the current quarter ending in December, ReneSola said it expects revenue in the range of $45 million to $50 million.
The company expects full-year revenue in the range of $130 million to $140 million.
The company’s shares closed at $1.55. A year ago, they were trading at $1.50.