JA Solar Holdings (JASO) Tops Q3 EPS by 7c

November 17, 2016 6:12 AM EST
Get Alerts JASO Hot Sheet
Trade JASO Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

JA Solar Holdings (NASDAQ: JASO) reported Q3 EPS of $0.13, $0.07 better than the analyst estimate of $0.06. Revenue for the quarter came in at $624.3 million versus the consensus estimate of $591.02 million.

  • Total shipments were 1,240.9 megawatts (“MW”), nearly all of which were modules and cells shipped to external customers. External shipments were up +10.1% y/y and up +0.9% sequentially
  • Shipments of modules and module tolling were 1,200.0 MW, an increase of +11.8% y/y and +5.8% sequentially

Business Outlook

For the fourth quarter of 2016, the Company expects total cell and module shipments to be in the range of 1,200 to 1,300 MW, with essentially all being external shipments. Accordingly, full year 2016 shipments are expected to range from 4.9 GW to 5.0 GW, below the Company’s previous guidance of 5.2 GW to 5.5 GW.

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



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings, Guidance

Related Entities

Earnings

Add Your Comment