Investing.com - JinkoSolar reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
JinkoSolar announced earnings per share of 0.05 on revenue of 8.57B. Analysts polled by Investing.com anticipated EPS of -0.0696 on revenue of 8.2B.
JinkoSolar shares are down 9.5% from the beginning of the year and are trading at 55.99 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
JinkoSolar follows other major Information Technology sector earnings this month
JinkoSolar's report follows an earnings beat by NVIDIA on November 17, who reported EPS of 1.17 on revenue of 7.1B, compared to forecasts EPS of 1.11 on revenue of 6.82B.
Cisco had beat expectations on November 17 with first quarter EPS of 0.82 on revenue of 12.9B, compared to forecast for EPS of 0.8042 on revenue of 12.98B.
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