JinkoSolar Holding beats by $0.08, reports revs in-line
- Reports Q2 (Jun) earnings of $0.41 per share, $0.08 better than the Capital IQ Consensus of $0.33; revenues fell 21.6% year/year to $915.91 mln vs the $909.54 mln Capital IQ Consensus.
- Total solar module shipments were 2,794 megawatts ("MW") (including 200 MW to the Company's overseas downstream segment for which no revenue has been recognized), an increase of 38.7% from 2,015 MW in the first quarter of 2018 and a decrease of 3.1% from 2,884 MW in the second quarter of 2017.
- Guidance:
- For the third quarter of 2018, the Company estimates total solar module shipments to be in the range of 2.8 GW to 3.0 GW.
- For the full year 2018, the Company estimates total solar module shipments to be in the range of 11.5 GW to 12 GW.
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