Investing.com - ReneSola reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ReneSola announced earnings per share of $-0.02 on revenue of $3.72M. Analysts polled by Investing.com anticipated EPS of $-0.0525 on revenue of $3.87M.
ReneSola shares are down 13.76% from the beginning of the year, still down 51.96% from its 52 week high of $10.70 set on June 10, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
ReneSola follows other major Industrials sector earnings this month
ReneSola's report follows an earnings beat by Deere&Company on May 20, who reported EPS of $6.81 on revenue of $13.37B, compared to forecasts EPS of $6.69 on revenue of $13.23B.
Siemens ADR had missed expectations on May 12 with second quarter EPS of $0.6612 on revenue of $17.74B, compared to forecast for EPS of $1.14 on revenue of $18.43B.
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