=Trina Solar (TSL) reported earnings Thur 3 March 2016 (b/o)

Trina Solar beats by $0.15, beats on revs, issues manufacturing guidance :

• Reports Q4 (Dec) earnings of $0.43 per share, $0.15 better than the Capital IQ Consensus of $0.28; revenues rose 21.4% year/year to $961.9 mln vs the $824.24 mln Capital IQ Consensus. Gross margin was 19.1%, compared with 17.4% in the third quarter of 2015 and 15.7% in the fourth quarter of 2014.
• First Quarter 2016 Guidance: expects to ship between 1.37 GW to 1.45 GW of PV modules, all of which will be shipped to third-party customers.
• Fiscal Year 2016 Guidance -expects to achieve the following annualized capacity at the end of 2016: Ingot production capacity of ~2.3 GW, Wafer capacity of ~1.8 GW, PV cell capacity of ~5.0 GW, PV module capacity of ~6.0 GW.
• The Company expects total PV module shipments between 6.30 GW and 6.55 GW, of which 450 MW to 550 MW will be shipped to the Company's downstream projects, revenues of which will not be recognized. The Company expects to connect to the grid between 750 MW and 850 MW of downstream PV power projects across the world, including 10 % to 15% of DG projects in China.