JinkoSolar Announces Fourth Quarter and Full Year 2019 Financial Results
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JinkoSolar (JKS) Tops Q4 EPS by 1c, Revenues Beat
March 13, 2020 6:45 AM EDTJinkoSolar (NYSE: JKS) reported Q4 EPS of $1.40, $0.01 better than the analyst estimate of $1.39. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.29 billion.
Fourth Quarter 2019 Operational and Financial Highlights
Total solar module shipments were 4,538 megawatts ("MW"), within JinkoSolar's updated guidance range of 4.5 GW to 4.6 GW; an increase of 36.4% from 3,326 MW in the third quarter of 2019 and 25.4% from 3,618 MW in the fourth quarter of 2018.Total revenues were RMB9.53 billion (US$1.37 billion), within JinkoSolar's updated guidance range of US$1.35 billion to US$1.38 billion; an increase of 27.4% from the third... More