STAMFORD, Conn. (AP) _ ReneSola Ltd. (SOL) on Thursday reported third-quarter earnings of $3 million.
The Stamford, Connecticut-based company said it had net income of 4 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 5 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The solar energy company posted revenue of $28.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $22.6 million.
ReneSola expects full-year revenue in the range of $85 million to $90 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SOL">Zacks stock report on SOL at https://www.zacks.com/ap/SOL