JinkoSolar Announces First Quarter 2019 Financial Results
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JinkoSolar (JKS) Tops Q1 EPS by 3c, Revenues Beat
June 28, 2019 6:01 AM EDTJinkoSolar (NYSE: JKS) reported Q1 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $867.5 million versus the consensus estimate of $861.59 million.
Total solar module shipments were 3,037 megawatts (\"MW\"), a decrease of 16.1% from 3,618 (including intragroup solar module shipments) MW in the fourth quarter of 2018 and an increase of 50.7% from 2,015 MW in the first quarter of 2018.Total revenues were RMB 5.82 billion (US$867.5 million), a decrease of 24.6% from the fourth quarter of 2018 and an increase of 27.5% from the first quarter of 2018.Gross margin was 16.6%, compared with 14.7%... More