Investing.com - JinkoSolar reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
JinkoSolar announced earnings per share of 0.67 on revenue of 2.57B. Analysts polled by Investing.com anticipated EPS of 5.72 on revenue of 13.68B.
JinkoSolar shares are up 17.75% from the beginning of the year and are trading at 54.12 , 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 Broadcom on Thursday, March 3, 2022, who reported EPS of 8.39 on revenue of 7.71B, compared to forecasts EPS of 8.13 on revenue of 7.61B.
Adobe had beat expectations on Tuesday with first quarter EPS of 3.37 on revenue of 4.26B, compared to forecast for EPS of 3.34 on revenue of 4.24B.
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