JinkoSolar Holding Co Q3 2024 Adj. EPS $(0.06) Beats $(0.29) Estimate, Sales $3.490B Beat $3.200B Estimate
Portfolio Pulse from Benzinga Newsdesk
JinkoSolar Holding Co (NYSE:JKS) reported better-than-expected Q3 2024 results with an adjusted EPS of $(0.06), beating the estimate of $(0.29). Sales were $3.490 billion, surpassing the $3.200 billion estimate, despite a 20.01% decrease from the previous year.
October 30, 2024 | 11:15 am
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JinkoSolar's Q3 2024 results exceeded expectations with an EPS of $(0.06) against an estimated $(0.29) and sales of $3.490 billion, beating the $3.200 billion forecast. However, sales decreased by 20.01% compared to last year.
JinkoSolar's better-than-expected EPS and sales figures are likely to positively impact the stock price in the short term. The significant beat on EPS and sales estimates suggests strong operational performance, which is typically viewed favorably by investors. However, the year-over-year sales decline may temper some of the enthusiasm.
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