JA Solar Holdings, Co., Ltd (JASO) Misses Q3 EPS Views; Guides FY11 Shipments Lower
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JA Solar Holdings, Co., Ltd (NASDAQ: JASO) reported Q3 EPS of ($0.36), $0.29 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $388 million versus the consensus estimate of $379.21 million.
Third quarter shipments of 445 MW, an increase of 6.5% year-over-year and an increase of 11.0% sequentially.
Solar cell and module shipments in the fourth quarter are expected to be in the range of approximately 310 MW to 330 MW. The Company currently estimates that total cell and module shipments for full year 2011 will be approximately 1.6 GW. This compares to the Company's previous guidance of 1.8 GW.
Third quarter shipments of 445 MW, an increase of 6.5% year-over-year and an increase of 11.0% sequentially.
Solar cell and module shipments in the fourth quarter are expected to be in the range of approximately 310 MW to 330 MW. The Company currently estimates that total cell and module shipments for full year 2011 will be approximately 1.6 GW. This compares to the Company's previous guidance of 1.8 GW.
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