Solarfun Sits Out Rally On Slimmer Pricing View
Mar 8th, 2010 | By Editor | Category: Latest HeadlinesSolarfun /quotes/comstock/15*!solf/quotes/nls/solf (SOLF 6.80, -0.04, -0.61%) shares fell 9% to $6.84 after it said it swung to a fourth-quarter profit of $1.6 million, or 3 cents a share, from a loss of $418.8 million, or $7.79 a share in the year-ago period. Adjusted earnings totaled 25 cents a share.
Revenue increased 27% to $183.5 million.
Wall Street analysts expected earnings of 23 cents a share on revenue of $185.9 million, according a survey by FactSet Research.
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