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UPDATE: JA Solar Swings To Q2 Loss, Lowers Full-Year Sales Volume Forecast

By Insider Scoop
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Courtesy of Benzinga.

JA Solar Holdings Co (NASDAQ: JASO) swung to a second-quarter loss and lowered its full-year sales volume guidance.

JA Solar reported a quarterly loss of CNY228.9 million ($35.4 million), or CNY1.39 (22 cents) an American Depositary Share (ADS), versus earnings of CNY196.2 million, or CNY1.20 (19 cents) an ADS, in the year-ago period. Its revenue climbed 12% to CNY2.7 billion ($413 million). However, analysts were expecting a loss of 3 cents on revenue of $419 million.

JASO shares dipped 7.53% to $3.56 in pre-market trading.

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