Our gross profit was $29 million, an increase of 43% sequentially.Gross margin was 8.4% compared to revised guidance of 7% to 9% and to 5.8% in the first quarter of 2012. We wish to highlight that excluding the effect of the non cash inventory write-down totaling $26.1 million and the impairment for property, plant and equipment of $12.8 million our gross profit and gross margin were $67.9 million and 19.6% respectively.
Trina Solar's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts