JinkoSolar Holding (JKS) Misses Q1 EPS by 20c; Guides Shipments
JinkoSolar Holding (NYSE: JKS) reported Q1 EPS of $0.20, $0.20 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $3.24 billion versus the consensus estimate of $288.5 million.
Total solar product shipments were 581.2 megawatts ("MW"), consisting of 455.1 MW of solar modules, 92.1 MW of silicon wafers and 34.0 MW of solar cells. This represents a decrease of 0.9% from 586.3 MW in the fourth quarter of 2013 and an increase of 71.6% from 338.6 MW in the first quarter of 2013.
For the second quarter of 2014, total solar module shipments are expected to be between 570 MW and 600 MW. For the full year 2014, total solar module shipments are expected to be between 2.3 GW and 2.5 GW, with total project development scale expected to be above 400MW.
For earnings history and earnings-related data on JinkoSolar Holding (JKS) click here.