JA Solar Holdings (JASO) Posts Wider than Expected Q2 Loss; Cuts FY12 Shipments Outlook

JA Solar Holdings (NASDAQ: JASO) reported Q2 EPS of ($0.37), $0.23 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $284.4 million versus the consensus estimate of $292.74 million.

Shipments were 418 MW, in line with the low end of the Company's previous guidance of 420 MW, and an increase of 14.2% from 366 MW in the first quarter of 2012.

For the third quarter of 2012, the Company expects total cell and module shipments to be between 350 MW and 370 MW. For the full year 2012, the Company now expects total cell and module shipments to be between 1.5 GW and 1.8 GW, compared with the previously provided full year guidance of 1.8 GW to 2.0 GW. The revised estimates reflect the Company's prioritization of maintaining a healthy financial position over short-term shipment gains.

For earnings history and earnings-related data on JA Solar Holdings (JASO) click here.

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