RTTNews | Dec 1, 2020 04:34PM EST

16:33 Tuesday, December 1, 2020 (RTTNews.com) - ReneSola Ltd. (SOL) released earnings for third quarter that declined from the same period last year.

The company's earnings totaled $2.11 million, or $0.043 per share. This compares with $2.36 million, or $0.062 per share, in last year's third quarter.

Excluding items, ReneSola Ltd. reported adjusted earnings of $2.53 million or $0.05 per share for the period.

Analysts had expected the company to earn $0.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 85.2% to $9.75 million from $65.96 million last year.

ReneSola Ltd. earnings at a glance:

-Earnings (Q3): $2.53 Mln. vs. $8.88 Mln. last year.-EPS (Q3): $0.05 vs. $0.23 last year.-Analysts Estimate: $0.00-Revenue (Q3): $9.75 Mln vs. $65.96 Mln last year.

-Guidance:Next quarter revenue guidance: $23 to $25 Mln

Read the original article on RTTNews ( https://www.rttnews.com/3150072/renesola-ltd-q3-adjusted-earnings-beat-estimates.aspx)

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