JA Solar Holdings Swings to a Loss

JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) reported its results for the first 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: Net loss for the company was $39.8 million (20 cents per share).

Revenue: Fell 56% to $254.4 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 15 cents per share. It beat the average revenue estimate of $234.6 million.

Quoting Management: Dr. Peng Fang, CEO of JA Solar, commented, “Despite the seasonal impact of the Chinese New Year holiday, we achieved shipments of 366 MW in the first quarter, above the high end of our previous guidance. Our results for the first quarter demonstrate the effectiveness of our strategy to ensure JA Solar’s long-term sustainability through the current volatile market environment.”

Key Stats:

The company has missed analyst estimates for four quarters in a row. It fell short by 2 cents in the fourth quarter of the last fiscal year, by 34 cents in the third quarter of the last fiscal year, and by 19 cents in the second quarter of the last fiscal year.

Looking Forward: Analysts seem more negative about the company’s results for the next quarter than ninety days ago. The average estimate for the second quarter has moved from a loss of 8 cents a share to a loss of 13 cents over the last ninety days. The average estimate for the fiscal year has reached a loss of 40 cents per share, down from a loss of 18 cents ninety days ago.

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

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