UPDATE: Suntech Swings To Q1 Loss

Suntech Power Holdings Co Ltd

swung to a first-quarter loss. Net loss attributable to holders of American Depositary Shares came in at $133 million, or 74 cents per ADS, in the quarter, versus a year-ago net income of $31.9 million, or 17 cents per ADS. Its revenue declined 53% to $409.5 million in the quarter. Suntech shares closed at $1.98 yesterday.