JinkoSolar Announces Fourth Quarter and Full Year 2018 Financial Results
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JinkoSolar (JKS) Misses Q4 EPS by 23c, Revenues Miss
March 22, 2019 6:33 AM EDTJinkoSolar (NYSE: JKS) reported Q4 EPS of $0.40, $0.23 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.22 billion.
Total solar module shipments were 3,618 megawatts (\"MW\"), an increase of 22.5% from 2,953 MW in the third quarter of 2018 and an increase of 45.8% from 2,481 MW in the fourth quarter of 2017.Total revenues were RMB7.72 billion (US$1.12 billion), an increase of 15.3% from the third quarter of 2018 and an increase of 21.5% from the fourth quarter of 2017.Gross margin was 14.7%, compared with 14.9% in the third quarter of 2018, and... More