Investing.com - JinkoSolar (NYSE:JKS) reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
JinkoSolar announced earnings per share of -3.15 on revenue of 18.84B. Analysts polled by Investing.com anticipated EPS of 0.2232 on revenue of 15.85B.
JinkoSolar shares are up 30.42% from the beginning of the year, still down 22.07% from its 52 week high of 76.92 set on July 8. They are outperforming the EUR/USD which is down 0% from the start of the year.
JinkoSolar shares gained 2.20% in intra-day trade following the report.
JinkoSolar follows other major Information Technology sector earnings this month
JinkoSolar's report follows an earnings beat by Apple on July 28, who reported EPS of 1.2 on revenue of 82.96B, compared to forecasts EPS of 1.16 on revenue of 82.79B.
NVIDIA had missed expectations on Wednesday with second quarter EPS of 0.51 on revenue of 6.7B, compared to forecast for EPS of 0.5297 on revenue of 6.83B.
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