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NEW YORK (TheStreet) -- Trina Solar Limited (TSL) shares are down by 7.18% to $9 in early afternoon trading on Monday, following the release of the company's third quarter financial results today.

The China-based integrated solar power products manufacturer reported third quarter earnings of 21 cents per share, missing analysts' 28 cents per share expectations by 7 cents.

Revenue during the period rose by 28.5% year over year to $792.6 million, versus analysts' $762.6 million expectations for the quarter.

"Looking ahead, we will continue to contribute to reduce adverse climate change worldwide by innovating and promoting the PV industry. I believe our commitment to providing affordable, clean and renewable energy to all people around the globe will allow us to achieve our mission of benefiting mankind with solar energy," CEO Jifan Gao said in a statement.

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