Yingli Green Energy Holding Co (YGE) Tops Q3 EPS by 16c, Cuts FY11 Shipment Guidance
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Yingli Green Energy Holding Co (NYSE: YGE) reported Q3 EPS of $0.14, $0.16 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $667.7 million versus the consensus estimate of $659.65 million.
Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company revises its PV module shipment target to be in the estimated range of 1,580 MW to 1,630 MW from the previous expected range of 1,700 MW to 1,750 MW for fiscal year 2011, which represents an increase of 48.8% to 53.5% compared to fiscal year 2010.
Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company revises its PV module shipment target to be in the estimated range of 1,580 MW to 1,630 MW from the previous expected range of 1,700 MW to 1,750 MW for fiscal year 2011, which represents an increase of 48.8% to 53.5% compared to fiscal year 2010.
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