JinkoSolar -4% after Q3 earnings; solar module shipments -17% vs. Q2 [Seeking Alpha]
JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares) (JKS)
Last jinkosolar holding company limited american depositary shares (each representing 4 common shares) earnings: 3/13 06:43 am
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Source: Seeking Alpha
JinkoSolar -4% after Q3 earnings; solar module shipments -17% vs. Q2JinkoSolar (NYSE:JKS)-4.2% premarket despite posting better than expectedQ3 earnings and revenues, as solar module shipments of 2.374 GW fell 17.7% Q/Q - exceeding the company's guidance of 2.1-2.3 GW - while rising 47.8% Y/Y from 1.606 GW in the year-ago quarter.JKS says Q3 revenue of $965M was 12.8% higher than a year ago but 19% lower than in Q2 when revenue reached $1.17B.Q3 gross margin was 12%, compared with 10.5% in Q2 and 19.2% in Q3 2016.For Q4, JKS estimates total solar module shipments of 2.3-2.5 GW; for the full year, it sees shipments of 9.6-9.8 GW, up from the previous quarter guidance of 8.5-9.0 GW.JKS says "demand in China remained strong during the quarter as the distributed generation market there grows rapidly."See all stocks on the move »
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JKS
News
- JinkoSolar (JKS) to Report Q1 Earnings: What's in the Cards? [Yahoo! Finance]Yahoo! Finance
- JinkoSolar to supply Nyox Srl with 100MW Tiger Neo modules [Yahoo! Finance]Yahoo! Finance
- JinkoSolar to supply Nyox Srl with 100MW Tiger Neo modulesPR Newswire
- JinkoSolar to Report First Quarter 2024 Results on April 29, 2024 [Yahoo! Finance]Yahoo! Finance
- JinkoSolar to Report First Quarter 2024 Results on April 29, 2024PR Newswire
JKS
Earnings
- 3/20/24 - Miss
JKS
Sec Filings
- 4/18/24 - Form 6-K
- 3/29/24 - Form 6-K
- 3/20/24 - Form 6-K
- JKS's page on the SEC website