JinkoSolar Announces Second Quarter 2019 Financial Results
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JinkoSolar (JKS) Tops Q2 EPS by 45c, Revenues Beat; Offers Q3 Revenue Guidance Below Consensus
August 30, 2019 6:17 AM EDTJinkoSolar (NYSE: JKS) reported Q2 EPS of $0.71, $0.45 better than the analyst estimate of $0.26. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $931.74 million.
Second Quarter 2019 Highlights
Total solar module shipments were 3,386 megawatts ("MW"), an increase of 11.5% from 3,037 (including intragroup solar module shipments) MW in the first quarter of 2019 and an increase of 21.2% from 2,794 MW in the second quarter of 2018.Total revenues were RMB6.91 billion (US$1.01 billion), an increase of 18.7% from the first quarter of 2019 and an increase of 14.1% from the second quarter of 2018.Gross margin was... More