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Non-Tech : Alternative energy
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To: Sam who wrote (9248)11/1/2010 11:08:58 PM
From: Sam  Read Replies (1) of 16955
 
09:57 am JKS Guides Q4 Revs Well Above Consensus (JKS)

JinkoSolar Holding (JKS 34.57 +4.42) reports third quarter earnings of $1.75 per share, $0.79 better than the Thomson Reuters consensus of $0.96.

Revenues rose 260% year-over-year to $215 mln, notably higher than the $153.3 mln Thomson Reuters consensus.

For its fourth quarter, the company issued revenues guidance of $210 million to $220 million, well above the $162.44 million Thomson Reuters consensus.

Also, for the fourth quarter of 2010, JinkoSolar expects total solar product shipments to be in the range of 130 MW to 140 MW with module shipments expected to be between 100 MW to 110 MW.

Based on the current operating conditions, the Company raises its full year 2010 total solar product shipments guidance to an estimated range of 448 MW to 458 MW, from its earlier guidance of 395 MW to 415 MW, with module shipments expected to be in an estimated range of 257 MW to 267 MW for the full year 2010, as compared to its earlier guidance of 195 MW to 205 MW.
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