Investing.com - ReneSola reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ReneSola announced earnings per share of $0.00 on revenue of $16.97M. Analysts polled by Investing.com anticipated EPS of $-0.01 on revenue of $24.64M.
ReneSola shares are down 10.06% from the beginning of the year, still down 71.26% from its 52 week high of $35.77 set on January 22. They are under-performing the EUR/USD which is down 0% from the start of the year.
ReneSola shares lost 7.64% in intra-day trade following the report.
ReneSola follows other major Capital Goods sector earnings this month
ReneSola's report follows an earnings missed by CRH ADR on March 4, who reported EPS of $1.42 on revenue of $6.99B, compared to forecasts EPS of $2.24 on revenue of $7B.
Lennar had beat expectations on March 16 with first quarter EPS of $3.2 on revenue of $5.33B, compared to forecast for EPS of $1.71 on revenue of $5.13B.
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