JASO JA Solar beats by $0.01, beats on revs; shipments exceed guidance; reaffirms FY13 shipment guidance
JASO JA Solar beats by $0.01, beats on revs; shipments exceed guidance; reaffirms FY13 shipment guidance (7.96 )
Reports Q2 (Jun) loss of $0.58 per share, $0.01 better than the Capital IQ Consensus Estimate of ($0.59); revenues rose 0.2% year/year to $285.1 mln vs the $252.7 mln dual estimate.
Q2 Metrics: •Shipments were 463.7 MW, consisting of 253.9 MW of modules and module tolling, and 209.8 MW of cells and cell tolling, above the high end of the Company's previous guidance of 430 MW and an increase of 4.7% from the first quarter of 2013
•Gross margin was 8.1%, compared to gross margin of 6.0% in the first quarter of 2013
Business Outlook •For the third quarter of 2013, the co expects total cell and module shipments to be between 450-470 MW.
•The Co's full year guidance of 1.7-1.9 GW remains unchanged.