JinkoSolar Holding Q2 Sales $3.31B Miss $3.91B Estimate
Portfolio Pulse from Benzinga Newsdesk
JinkoSolar Holding Co (NYSE:JKS) reported Q2 sales of $3.31 billion, missing the analyst consensus estimate of $3.91 billion by 15.40%. This represents a 21.79% decrease from the same period last year.
August 30, 2024 | 10:31 am
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JinkoSolar's Q2 sales of $3.31 billion missed expectations by 15.40% and decreased 21.79% year-over-year, likely impacting stock negatively.
The significant miss on sales estimates and the year-over-year decline in revenue are likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 80
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