Yingli Green Energy Holding Co Ltd (ADR) (YGE) Releases Earnings Results, Beats Expectations By $0.66 EPS

Yingli Green Energy Holding Co Ltd (ADR) (YGE) reported quarterly earnings results on Tuesday, Jun-14-2016. The company said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.66. Analysts had a consensus of $-0.06. The company posted revenue of $364.60 million in the period, compared to analysts expectations of $353.99 million. The company’s revenue was down -22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.31 EPS.

Yingli Green Energy Holding Co Ltd (ADR) closed down -0.32 points or -7.31% at $4.06 with 2,53,919 shares getting traded on Friday. Post opening the session at $4.4, the shares hit an intraday low of $4.06 and an intraday high of $4.45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Yingli Green Energy Holding Company Limited is a solar panel manufacturer. The Company’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. The Company’s end products include photovoltaic (PV) modules and PV systems of different sizes and power outputs. The Company sells PV modules under its own brand names Yingli and Yingli Solar to PV system integrators and distributors located in various markets around the world including China Japan the United States the United Kingdom Algeria India Germany France South Africa Israel Turkey the Netherlands Honduras and Brazil. The Company’s products and services include the manufacture of polysilicon ingots and wafers PV cells PV modules and integrated PV systems and the development and operation of solar projects. The Company also has a solar project development and operation business in China.

Yingli Green Energy Holding Co Ltd (ADR)

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