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Evergreen Solar's revenue beats Street view
LOS ANGELES (Reuters) - U.S. solar company Evergreen Solar Inc on Wednesday posted revenue that beat Wall Street's view, as the company increased production and sold everything it produced.
Revenue rose to $77.7 million in the third quarter, topping the $73.86 million analysts had expected, according to Thomson Reuters I/B/E/S.
The company reported a third quarter net loss of $82.4 million, or 40 cents per share, compared with a net loss of $24.6 million, or 19 cents per share, a year ago.
Those results included a charge of about $70 million for a write-down in the company's Sovello joint venture.
Like other solar companies, Evergreen has been hit by a lack of financing for new projects and a glut of panels.
(Reporting by Laura Isensee; editing by Carol Bishopric)
