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JinkoSolar Holding Company Swings to Q2 Loss, Revenue Declines
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JinkoSolar Holding Company Swings to Q2 Loss, Revenue Declines
Aug 31, 2024 11:12 PM

07:05 AM EDT, 08/30/2024 (MT Newswires) -- JinkoSolar Holding Company ( JKS ) reported a Q2 loss Friday of 0.53 Chinese renminbi ($0.07) per diluted share, swinging from earnings of 5.55 renminbi a year earlier.

Two analysts polled by Capital IQ expected earnings of 1.76 renminbi.

Revenue for the quarter ended June 30 was 24.05 billion renminbi, down from 30.69 billion renminbi a year earlier.

Three analysts surveyed by Capital IQ expected 27.78 billion renminbi.

Shares of the solar panel maker were down more than 4% in recent Friday premarket activity.

Price: 17.32, Change: -0.78, Percent Change: -4.31

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