Earnings, adjusted for non-recurring gains, were 30 cents per share. Analysts had a consensus of $0.69.
Advertisement
Earnings per diluted ADS were RMB 2.87 ($0.43), contrast to earnings per diluted ADS of RMB 2.26 ($0.34) in the year-ago quarter, and earnings per diluted ADS of RMB 2.74 ($0.41) in the first quarter of 2016.
The results were boosted by shipments of solar modules and cells totalling 1380.8MW, of which 1229.3MW went to external customers – a 55.5% rise on the same period past year. It soared after the global solar parks developer announced that it has signed a Letter of Intent with Solar Partnership Capital Ltd. -the former’s non-affiliate in some Japanese projects.
Average EPS forecast for the current year is $0.75 according to 2 analysts making projections for JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO).
SKYS shares were up almost 21% at $3.19 each this afternoon, earlier climbing as much as 104% to a session high of $5.40 a share soon after today’s opening bell. The heightened volatility saw the trading volume jump to 6,38,222 shares. We are carefully controlling capital expenditures and staffing, and selling effort is focused on more robust markets outside of China. Ltd.is a holding company.
Total shipments were 1,380.8MW, below guidance of 1,400MW to 1,500MW, which included 151.5MW of modules to its own downstream projects, compared to previous guidance of around 100MW to its downstream business for the second quarter.
Advertisement
JA Solar Holdings Co., Ltd.is a holding company. The Company operates through two segments, including manufacturing and solar projects. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. JingAo Solar Co. Ltd. among others. Ltd.
