JA Solar Holdings, Co., Ltd. Earnings Cheat Sheet: Swings to a Loss, Misses Estimates

On top of swinging to a loss in the most recent quarter, JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) also came in short of analyst estimates. JA Solar Holdings Co., Ltd. designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

JA Solar Holdings, Co Earnings Cheat Sheet for the First Quarter

Results: Swung to a loss of $35.4 million (22 cents per diluted share) in the quarter. The semiconductor company had net income of $28.8 million or 18 cents per share in the year earlier quarter.

Revenue: Rose 12% to $413 million from the year earlier quarter.

Actual vs. Wall St. Expectations: JASO fell short of the mean analyst estimate of a loss of 3 cents per share. Analysts were expecting revenue of $418.6 million.

Quoting Management: Dr. Peng Fang, CEO of JA Solar, commented, “Our second quarter results reflect the market disruption that resulted from generally lower than anticipated installation levels in Germany and recent policy changes in Italy. Despite that challenging environment in the European market, demand for our high-efficiency, low-cost products remained healthy and ensured that we met our shipment goals. However, our gross margin and bottom line have been impacted by worse than anticipated market conditions and inventory provisions.” Dr. Fang continued, “In recent weeks, we have seen signs of market recovery with both orders and volume shipments increasing across our diverse customer base.”

Key Stats:

The company fell short of forecasts after beating estimates in the previous two quarters. In the fourth quarter of the last fiscal year, it topped the mark by 4 cents, and in the third quarter of the last fiscal year, it was ahead by 7 cents.

Competitors to Watch: Trina Solar Limited (NYSE:TSL), Suntech Power Hldgs. Co., Ltd. (NYSE:STP), LDK Solar Co., Ltd (NYSE:LDK), ReneSola Ltd. (NYSE:SOL), JinkoSolar Holding Co., Ltd. (NYSE:JKS), SunPower Corporation (NASDAQ:SPWRA), Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE), China Sunergy Co., Ltd. (NASDAQ:CSUN), and First Solar, Inc. (NASDAQ:FSLR).

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

(Source: Xignite Financials)