AllThingsD » Pavel Molchanov http://allthingsd.com Sat, 11 Feb 2012 15:49:25 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Trina Sell-Off Overdone, Says Raymond James http://allthingsd.com/20080818/trina-sell-off-overdone-says-raymond-james/ http://allthingsd.com/20080818/trina-sell-off-overdone-says-raymond-james/#comments Mon, 18 Aug 2008 22:27:35 +0000 Tiernan Ray http://voices.allthingsd.com/?p=2775 Shares of solar power technology provider Trina Solar (TSL) fell as much as 5.4 percent today after the company this morning announced sales and profit that missed estimates despite a big jump in sales and profit, year-over-year. The selloff may be overdone, opined Raymond James analyst Pavel Molchanov in a chat I had with him by phone this afternoon.

Trina sales of $204.2 million nearly tripled from the prior-year period, beating the average $202.5 million estimate, while profit of 68 cents was short of an 81-cent estimate, in large part because of a $6.1 million foreign exchange loss owing to the rise in the Chinese Renminbi against the dollar.

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