ReneSola Posts Loss In Q4 - Quick Facts

(RTTNews) - ReneSola Ltd. (SOL), a technology provider of energy-efficient products, Wednesday said fourth-quarter attributable net loss was $8.1 million or $0.04 per share, or $0.08 per American depositary share.

In the previous year, the company reported earnings of $1.40 million or $0.01 per share, or $0.01 per ADS.

Two analysts polled by Thomson Reuters expected a loss of $0.13 per share for the quarter.

Net revenues fell to $387.0 million from $438.8 million in the previous year, but exceeded analysts' forecast for $355.08 million.

For the first quarter of 2015, the company expects its net revenue to be in the range of $360 million to $380 million, and gross margin to be in the range of 14 to 16 percent.

For full year 2015, the company expects its net revenue to be in the range of $1.5 billion to $1.6 billion.

Wall Street expects first-quarter revenues of $406.10 million, and full-year revenues of $1.68 billion.