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Earnings Analysis: 
Trina Solar Earnings Rise 57%
Author: 123jump.com Staff
123jump.com
Last Update: 13:37 PM ET August 18 2008


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Lowe’s Companies the second-largest home improvement retailer reported second quarter revenues increased 2.4% to $14.5 billion and net income dropped 7.9% to $938 million or 64 cents a share. Trina Solar Limited, an integrated solar power products manufacturer based in China second quarter revenues increased 69% to $204.2 million and net income rose 57% to $17.1 million or 68 cents a share.

 
Lowe’s Companies, Inc, the nation\''s second-largest home improvement retailer reported second quarter revenues increased 2.4% to $14.5 billion from $14.2 billion a year ago. Net income in the quarter dropped 7.9% to $938 million or 64 cents per diluted share compared to net income of $1.02 billion or 67 cents per share, a year ago.

Lowe’s Companies, Inc (LOW: chart) in the last one year traded as high as $32.53 in September 2007 and as low as $18.00 in July 2008. Based on the Friday’s trading closing price the company has a market cap of $35.86 billion.

Trina Solar Limited, a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997 reported second quarter revenues increased 69.2% to $204.2 million from $75.3 million a year ago. Net income in the quarter rose 57% to $17.1 million or 68 cents per diluted share compared to net income of $7.4 million or 32 cents per share, a year ago.

Trina Solar Limited (TSL: chart) in the last one year traded as high as $68.26 in October 2007 and as low as $25.33 in July 2008. Based on the Friday’s trading closing price the company has a market cap of $793.26 million.
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