China Sunergy Posts Q3 Loss
China Sunergy Co Ltd (NASDAQ: CSUN) swung to a Q3 loss.
China Sunergy projects a net loss for the fourth quarter.
China Sunergy posted a quarterly net loss of $31.2 million, or $0.78 per American depository share (ADS), versus a year-ago net income of $15.3 million, or $37 per ADS.
China Sunergy's total sales surged 16% to $145.7 million.
China Sunergy shares dropped 1.06% to close at $0.930 yesterday.
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