JinkoSolar Earnings Beat Estimates; Stock Jumps
Chinese solar-equipment maker JinkoSolar Holding (JKS) soundly beat Wall Street’s Q3 expectations Monday morning, sending the stock up more than 15% to a three-year high on the stock market today. The company reported a profit of 72 cents a share, reversing a year-earlier loss and shattering the analyst consensus estimate by 27 cents. Sales rose 48% to $320.7 million, beating estimates by some $18 million. JinkoSolar said it shipped 489.3