* Q3 profit $1.29/ADS vs Wall Street view $0.76
* Q3 revenue down 14 pct to $249.7 mln Nov 19 (Reuters) - Chinese solar company Trina Solar Ltd (TSL.N) posted a quarterly profit that beat Wall Street expectations, helped by higher solar module shipments, and said it was seeing a stronger demand in the fourth quarter.
The company posted a third-quarter net profit of $40.1 million, or $1.29 per American Depositary share, compared with a net profit of $18.9 million, or 71 cents per ADS, a year ago.
Net revenue dropped 14.1 percent to $249.7 million.
Analysts on average had expected 76 cents per ADS before items, on revenue of $216.3 million, according to Thomson Reuters I/B/E/S.
Solar module shipments rose 85 percent to 123 megawatts from year-ago quarter.
For the full year 2009 the company expects total PV module shipments to be between 380 MW and 400 MW, compared to its earlier view of between 350 MW and 400 MW.
It repeated its expectations of reducing manufacturing costs by 15 percent to 20 percent in the year.
The company also expects to achieve a total annualized cell and module production capacity of between 850 MW and 950 MW by the end of 2010.
Shares of the company closed at $42.75 Wednesday on the New York Stock Exchange. (Reporting by Supantha Mukherjee in Bangalore; Editing by Aradhana Aravindan)
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