Investing.com - ReneSola reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ReneSola announced earnings per share of $-0.01 on revenue of $8.21M. Analysts polled by Investing.com anticipated EPS of $0.0167 on revenue of $14.41M.
ReneSola shares are down 13% from the beginning of the year and are trading at $5.430 , down-from-52-week-high.They are outperforming the Nasdaq which is down 24.63% from the start of the year.
ReneSola follows other major Industrials sector earnings this month
ReneSola's report follows an earnings missed by Deere&Company on Friday, August 19, 2022, who reported EPS of $6.16 on revenue of $13B, compared to forecasts EPS of $6.65 on revenue of $12.93B.
Siemens ADR had missed expectations on Thursday, August 11, 2022 with third quarter EPS of $-1.07 on revenue of $18.48B, compared to forecast for EPS of $-0.3269 on revenue of $17.68B.
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