Yingli Green Energy Holding Earnings: Here’s Why Shares are Up Now
Yingli Green Energy Holding Co. Ltd. (NYSE:YGE) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.57%.
Yingli Green Energy Holding Co. Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.33 in the quarter versus EPS of $-0.58 in the year-earlier quarter.
Revenue: Rose 12.69% to $550.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Yingli Green Energy Holding Co. Ltd. reported adjusted EPS loss of $0.33 per share. By that measure, the company missed the mean analyst estimate of $-0.32. It beat the average revenue estimate of $506.72 million.
Quoting Management: “We are pleased to announce another better than expected quarter in terms of market share and profitability, mainly driven by the continuous fundamental improvements of solar market conditions, our well-recognized brand, diversified customer base and unceasing technological innovations,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
Key Stats (on next page)…