Investing.com - JinkoSolar reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
JinkoSolar announced earnings per share of 5.73 on revenue of 7.91B. Analysts polled by Investing.com anticipated EPS of -1.03 on revenue of 7.74B.
JinkoSolar shares are down 25.49% from the beginning of the year and are trading at 46.10 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
JinkoSolar shares lost 1.45% in intra-day trade the report.
JinkoSolar follows other major Technology sector earnings this month
JinkoSolar's report follows an earnings beat by NVIDIA on August 18, who reported EPS of 1.04 on revenue of 6.51B, compared to forecasts EPS of 1.02 on revenue of 6.33B.
Salesforce.com had beat expectations on August 25 with second quarter EPS of 1.48 on revenue of 6.34B, compared to forecast for EPS of 0.9246 on revenue of 6.24B.
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