JA Solar (JASO) Tops Q3 EPS by 3c

JA Solar (NASDAQ: JASO) reported Q3 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $492.2 million versus the consensus estimate of $425.3 million.

Total shipments were 785.4 megawatts ("MW"), increases of +57.0% y/y and +15.2% sequentially

For the fourth quarter of 2014, the Company expects total cell and module shipments to be in the range of 850 MW to 900 MW. This results in full year 2014 shipments expected to be in the range of 3.1 GW to 3.2 GW. The Company now expects to ship 160 MW of modules to its downstream projects, compared with the previously guided 200 MW.

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

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