JA Solar Reports Mixed Results, Top Line Plunges (JASO)
Wed. August 12, 2009; Posted: 07:52 AM
Aug 12, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 8/12/2009-JA Solar (NASDAQ:JASO) reported a Q2 loss of 18 cents per share, vs. consensus estimates for a loss of 6 cents per share (may not be comparable). Revenues in the quarter fell 51% year-over-year to $88.0 million, but came in ahead of consensus estimates of $77.6 million. "Looking ahead, we are seeing significant signs of market improvement in both end-market demand and financing. We believe our cost structure and customer relationships will drive even stronger third quarter results," said Baofang Jin, JA Solar's Chairman and CEO.
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