Yingli Green Energy (YGE) Posts Q3 Loss of 40c/Share; Reaffirms Shipment Target for FY12

Yingli Green Energy (NYSE: YGE) reported Q3 EPS of ($0.40), $0.23 better than the analyst estimate of ($0.63). Revenue for the quarter came in at $355.9 million versus the consensus estimate of $353.23 million.

PV module shipment decreased by 16.9% from the second quarter of 2012.

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company reaffirms its PV module shipment target to be in the estimated range of 2,100 MW to 2,200 MW for fiscal year 2012, which represents an increase of 30.9% to 37.2% compared to fiscal year 2011.

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

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