U.S. Markets open in 1 hr 9 mins

JinkoSolar posts 4Q profit

SHANGRAO, China (AP) _ JinkoSolar Holding Co. (JKS) on Monday reported fourth-quarter net income of $144.5 million.

The Shangrao, China-based company said it had net income of $4.48 per share. Earnings, adjusted for one-time gains and costs, came to $1.04 per share.

The solar power product maker posted revenue of $737.6 million in the period.

For the year, the company reported profit of $286.9 million, or $7.72 per share. Revenue was reported as $3.08 billion.

JinkoSolar shares have increased 13 percent since the beginning of the year. The stock has declined 25 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JKS at https://www.zacks.com/ap/JKS


Keywords: JinkoSolar, Earnings Report