JA Solar Reports Mixed Quarter; Stock Tumbles

By | November 26, 2013

Scalper1 News

Chinese solar-power company JA Solar (JASO) beat Q3 revenue expectations and raised its guidance Tuesday, but JA Solar stock was down 8% in afternoon trading in the stock market today as the bottom line was a bit short. JA Solar said revenue in Q3 rose 10% over the year-earlier quarter to $287 million, beating analysts’ consensus by about $17 million. The company lost 37 cents per ADS, a penny more than analysts expected, though that narrowed from Scalper1 News

Scalper1 News