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Suntech 1Q Loss Per Shr 74c

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May 23 (Bloomberg) -- Suntech 1Q loss per share worse than lowest estimate, ranged from loss of 32c to 59c. * 1Q rev. $409.5m, Est. $407.2m * Shipments fell 27% Q/q, cites low prod. over Chinese New

Year * Gross margin 0.6% (had seen 3%-6%), hurt by U.S. anti- dumping tariffs; says met margin target excluding tariffs * Sees 2Q shipment growth 20% * Still sees yr shipments 2.1gw-2.5gw * Call 8am 866-519-4004, PW Suntech Link to 1Q Results Slides:{NSN M4H2U46LJLDT <go>} Link to Earnings Statement:{NSN M4H3BS3T6SQO <go>}

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To contact the editor responsible for this story: Andrew Cinko at +1-212-617-2651 or cinko@bloomberg.net

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