UPDATE: Suntech Power Swings To Q3 Loss

Suntech Power Holdings Co (NYSE: STP) swung to a Q3 loss.

Suntech Power posted a quarterly net loss of $116 million, or $0.64 an American depositary share, versus a year-ago net income of $33.1 million, or $0.18 per ADS. Its revenue climbed to $809.8 million from $743.7 million. However, analysts were expecting a loss of $0.21 per share on revenue of $779.5 million.

For the year, Suntech projects revenue of $3 billion to $3.1 billion, versus analysts' estimates of $3.15 billion.

Suntech Power shares fell 2.69% to $2.17 in after-hours trading.