BEIJING (dpa-AFX) - ReneSola Ltd. (SOL) reported earnings for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $2.96 million, or $0.04 per share. This compares with $0.71 million, or $0.01 per share, in last year's third quarter.
Analysts on average had expected the company to earn $0.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 83.8% to $28.89 million from $15.72 million last year.
ReneSola Ltd. earnings at a glance (GAAP) :
-Earnings (Q3): $2.96 Mln. vs. $0.71 Mln. last year. -EPS (Q3): $0.04 vs. $0.01 last year. -Analyst Estimate: $0.01 -Revenue (Q3): $28.89 Mln vs. $15.72 Mln last year.
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