JASO: JA Solar Stock Lights Up on Earnings Beat

It also topped revenue forecasts

   

JASO: JA Solar Stock Lights Up on Earnings Beat

On Thursday, Chinese solar panel maker JA Solar Holdings (JASO) announced a higher-than-anticipated first-quarter profit. The news sent JASO shares up more than 1% in morning trading.

SolarPanel 300x199 JASO: JA Solar Stock Lights Up on Earnings Beat
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JASO shares gained after the company said it earned $13.3 million during the quarter. In the prior-year period, JASO posted a loss. EPS came in at 23 cents, topping the 6 cents that analysts had forecast, the Wall Street Journal noted.

ChinaFlag 200x200 JASO: JA Solar Stock Lights Up on Earnings Beat
The Sun Is Setting for Chinese Solar Stocks

JA Solar said that its quarterly shipments had a capacity of 638.1 megawatts. Last month, JASO said that first-quarter shipments would exceed 620 megawatts in capacity.

Quarterly revenue of $366 million was up 36% over the year-ago period, and handily beat the $331 million that analysts had estimated.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/05/jaso-ja-solar-stock-lights-earnings-beat/.

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