JinkoSolar Holding Co. (JKS) Tops Q1 EPS Views; Guides Q2 Revs Below
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JinkoSolar Holding Co. (NYSE: JKS) reported Q1 EPS of $2.10, $0.60 better than the analyst estimate of $1.50. Revenue for the quarter came in at $326.7 million versus the consensus estimate of $289.78 million.
Total solar product shipments were a record 208.4 megawatts, compared to 162.6 MW in the fourth quarter of 2010 and 83.0 MW in the first quarter of 2010.
Sees Q2 2011 revenue of $330 - $350 million, versus the consensus of $364.29 million. The Company expects to increase its in-house annual silicon wafer, solar cell and solar module production capacities to approximately 1,000 MW each by the end of the second quarter of 2011.
Maintains FY11 outlook.
Total solar product shipments were a record 208.4 megawatts, compared to 162.6 MW in the fourth quarter of 2010 and 83.0 MW in the first quarter of 2010.
Sees Q2 2011 revenue of $330 - $350 million, versus the consensus of $364.29 million. The Company expects to increase its in-house annual silicon wafer, solar cell and solar module production capacities to approximately 1,000 MW each by the end of the second quarter of 2011.
Maintains FY11 outlook.
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