Yingli Green Energy (YGE) Tops Q3 EPS by 3c; Lowers FY14 Shipments Outlook

Yingli Green Energy (NYSE: YGE) reported Q3 EPS of ($0.10), $0.03 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $551.5 million versus the consensus estimate of $655.9 million.

Total PV module shipments (including shipments for PV systems) were 903.4 MW.

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company revises its current PV module shipment target to be in the estimated range of 3.30GW to 3.35GW (including 200 to 240MW shipment for PV systems) for fiscal year 2014, which represents an increase of 3.0% to 4.6% compared to fiscal year 2013.

*** The company was previously looking for FY14 shipments of 3.6GW to 3.8GW (including 400 to 600MW shipment for PV systems) for fiscal year 2014.

For earnings history and earnings-related data on Yingli Green Energy (YGE) click here.

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