JA Solar Earnings: Investors Cheer Revenue Number

JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) reported its results for the third quarter. JA Solar Holdings designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers.

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JA Solar Holdings, Co., Ltd. Earnings Cheat Sheet

Results: Loss widened to $59.1 million (30 cents per diluted share) from $58.9 million (loss of 36 cents per share) in the same quarter a year earlier.

Revenue: Fell 33.7% to $260.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: JA Solar Holdings, Co., Ltd. fell short of the mean analyst estimate of a loss of 20 cents per share. It beat the average revenue estimate of $234.6 million.

Quoting Management: Dr. Peng Fang, CEO of JA Solar, commented, “In spite of tough market conditions, shipments exceeded the top end of our guidance in the third quarter, thanks to robust sales across emerging markets. The proportion of modules in our overall sales mix continued to increase, accounting for 68% of revenue and 59% of total shipments in the quarter. In light of the current slowdown in demand and ongoing trade issues in Europe, we continued to explore opportunities in nascent growth markets while stringently managing our cash position.”

Key Stats:

The company has now missed analyst estimates for the last four quarters. It fell short by 23 cents in the second quarter, by 5 cents in the first quarter, and by 2 cents in the fourth quarter of the last fiscal year.

Looking Forward: For the next quarter, analysts are increasingly pessimistic about the company’s performance. The average estimates for the fourth quarter is at a loss of 18 cents per share, down from 14 cents ninety days ago. Down from a loss of 78 cents per share ninety days ago, the average estimate for the fiscal year is now a loss of 87 cents.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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