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%