Solar panel manufacturer JinkoSolar Holdings Co. (NYSE: JKS) has reported a sharp increase in first-quarter revenues, reflecting higher production and shipment of modules. Meanwhile, the company’s net profit declined year-over-year.
Net income dropped to $4.57 million or $0.10 per ADS, hurt by higher expenses and continued supply chain issues. Solar module shipments claimed 57% annually to 8,390 MW.
Check this space to read management/analysts’ comments on JinkoSolar’s Q1 2022 earnings
Revenues of the China-based company rose sharply by 86% to $2.33 billion during the three-month period. The management also provided guidance for the second quarter and confirmed its earlier outlook for fiscal 2022.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
After mixed Q2, what awaits Apple (AAPL) in the second half?
Apple’s (NASDAQ: AAPL) stock rallied this week after the gadget giant reported stronger-than-expected Q2 results and announced the largest-ever share buyback program. The company is investing heavily in the business,
What to expect when Tyson Foods (TSN) reports Q2 2024 earnings results
Shares of Tyson Foods, Inc. (NYSE: TSN) stayed green on Friday. The stock has gained 8% over the past three months. The branded foods company is slated to report its
EXPE Earnings: Expedia reports adj. profit for Q1; revenue rises 8%
Expedia Group (NASDAQ: EXPE) has reported an increase in revenues for the first quarter of 2024. The travel company turned to net profit in Q1, on an adjusted basis, from
