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
TGT Earnings: Key quarterly highlights from Target’s Q1 2022 financial results
Target Corporation (NYSE:TGT) reported first quarter 2022 earnings results today. Total revenue grew 4% year-over-year to $25.2 billion. Net income declined 52% to $1 billion while EPS fell 48% to $2.16. Adjusted
Lowe’s Companies (LOW) Q1 2022 Earnings: Key financials and quarterly highlights
Lowe’s Companies, Inc. (NYSE: LOW) reported first quarter 2022 earnings results today. Total sales were $23.7 billion compared to $24.4 billion in the year-ago period. Comparable sales decreased 4%. Net
Walmart (WMT) cuts profit outlook as inflationary pressures are expected to persist
Shares of Walmart Inc. (NYSE: WMT) plunged 11% on Tuesday after the company delivered mixed results for its first quarter of 2023. While revenues beat expectations, earnings missed. The company
