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Chinese solar company Trina Solar Ltd. said Wednesday it expects to report second-quarter sales above its own and Wall Street's forecasts, and will likely meet or beat full-year goals as well.
The company expects revenue of $200 million to $205 million, well ahead of its forecast of $169 million to $177 million.
Analysts surveyed by Thomson Financial are predicting sales of $174 million and earnings of 75 cents per share for the period.
Trina said it shipped 47 megawatts of solar modules during the quarter, and is on track to meet or beat its full-year target of $770 million and $808 million in sales. Analysts are looking for revenue of $786.1 million, on average.
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