Solar panel manufacturer JinkoSolar Holdings Co. (NYSE: JKS) on Wednesday reported a sharp increase in fourth-quarter profit, reflecting a 74% surge in revenues.
Net income increased to $37.6 million or $0.65 per ADS, despite continued supply chain issues. On an adjusted basis, fourth-quarter profit was $0.67 per ADS, which represents a near-fivefold growth from the prior-year period.
Revenues of the China-based company climbed 74% year-over-year to $2.57 billion during the three-month period. Total shipments nearly doubled sequentially.
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5