JinkoSolar Holding (JKS) Tops Q2 EPS Views; Shipments Improve; Guides Q3 Revs, Shipments

August 16, 2011 6:39 AM
JinkoSolar Holding (NYSE: JKS) reported Q2 EPS of $1.82, $0.48 better than the analyst estimate of $1.34. Revenue for the quarter came in at $350.6 million versus the consensus estimate of $315.38 million.

Total solar product shipments were 254.1 megawatts, compared with 208.4 MW in the first quarter of 2011 and 99.9 MW in the second quarter of 2010.

JinkoSolar Holding sees Q3 2011 revenue of $310-$330 million, versus the consensus of $335.26 million. JinkoSolar expects total solar module shipments to be approximately 230 MW to 250 MW.


Earnings Guidance