Suntech expects first-quarter 2010 revenue of between US$580 and US$590 million
Being sold out through the first half of 2010 and with capacity expansions not taking effect until the third quarter, Suntech has narrowed its revenue projections for the first quarter to between US$580 million and US$590 and revised its gross margin forecast to the 19% to 20% range, compared to previous guidance of 18% to 20%. However, Suntech has been another victim of the foreign exchange issues between the dollar and the Euro and expects to incur a forex loss of approximately $24 million to $25 million for the first quarter.