Investing.com - JinkoSolar reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
JinkoSolar announced earnings per share of 0.6 on revenue of 14.76B. Analysts polled by Investing.com anticipated EPS of 1.76 on revenue of 11.61B.
JinkoSolar shares are up 19.87% from the beginning of the year and are trading at 55.09 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
JinkoSolar follows other major Information Technology sector earnings this month
JinkoSolar's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of 2.22 on revenue of 49.36B, compared to forecasts EPS of 2.19 on revenue of 49.01B.
Taiwan Semiconductor had beat expectations on Thursday, April 14, 2022 with first quarter EPS of 1.35 on revenue of 16.94B, compared to forecast for EPS of 1.27 on revenue of 16.73B.
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