UPDATE: Trina Solar Reports 69% Drop In Q2 Profit; Shares Down In Pre-Market

Trina Solar Ltd TSL reported a 69% decline in its second-quarter profit. Trina Solar's quarterly net income declined to $11.8 million, or $0.17 per ADS. Its revenue climbed 56% to $579.5 million, versus analysts' estimates of $593.92 million. Trina Solar projects to ship between 480 to 520 (megawatt) MW of PV modules in the third quarter, versus 396 MW in the second quarter. Trina Solar shares dropped 7.40% to $12.01 in pre-market trading.