ReneSola Ltd SOL released its quarterly results and withdrew its full-year projections. The company also issued downbeat Q3 revenue projections.
For April-June, ReneSola's net profit attributable to common shareholders dipped 95% to $1.8 million, or $0.02 per ADS. Its revenue dropped 2% to $249.3 million.
ReneSola projects Q3 revenue of $220 to $240 million, versus analysts' estimates of $264.6 million.
ReneSola shares dropped 3.26% to $2.67 in pre-market trading.
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