ReneSola Ltd. (NYSE: SOL) reported Wednesday that the Chinese solar company posted a second-quarter loss as revenue fell 52 percent from a year ago.
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ReneSola said it lost $3.6 million, or 3 cents a share, compared with a profit of $23.3 million, or 19 cents a share, last year.
Revenue for the period ended June 30 fell to $82.6 million from $173 million.
Analysts surveyed by Thomson Reuters expected a loss of 6 cents a share on revenue of $90.2 million.
ReneSola shares fell 29 cents to $5.36 in afternoon trading.
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