Boston, MA 05/30/2014 (wallstreetpr) – Although JinkoSolar Holding Co., Ltd. (NYSE:JKS) faltered in its earnings in the most recent quarter, the CEO Kangping Chen wants you to be calm because the company’s best moments are still ahead. The Chinese solar company posted earnings per share of 20 cents, missing the consensus estimate of 40 cents for the quarter. Revenue came in at 323.9 million, better than $288.6 million that analysts expected for the quarter.
The company shipped 581.2 MW of solar products, suggesting 73 percent improvement from the same period a year earlier. It expects to ship between 570 and 600 MW in the current quarter and between 2.3 and 2.5 GW in fiscal 2014.
According to the management, JinkoSolar Holding Co., Ltd. (NYSE:JKS) is making good progress in expending is market share in domestic market and internationally. Shares in the U.S., Japan and the emerging markets of India and Africa are also showing improvement. Additionally, the company said its cost-cutting efforts are also paying off, which should lead to better earnings in the future.
Turquoise Hill Resources Ltd (NYSE:TRQ) has announced changes to its management team as the company seeks to improve performance. The company announced that Steeve Thibeault will take charge of its financial strategy as Chief Financial Officer effective June 1.
He will replace Chris Bateman, who will leave the company to pursue other opportunities. Mr. Thibeault and Mr. Bateman have been working together to ensure a smooth transition. Turquoise Hill Resources Ltd (NYSE:TRQ) expects to gain a lot from the experience of Mr. Thibeault who until his appoint to TRQ worked with Energy Resources of Australia, an Australian Stock Exchange-listed company.
The changes to the management team of Turquoise Hill Resources Ltd (NYSE:TRQ) come at a time when the company just announced plans to sale stake in SouthGobi resources Ltd. It owns 56 percent stake in SouthGobi.
Following the devastating 1Q2014 performance, Invesco Ltd. (NYSE:IVZ) is happy to announce the worst is now behind it. The company looks forward to better results in the balance of 2014 and beyond. The company suffered a fine from the British regulators that saw its profits down almost 16 percent to $187.8 million or 43 cents per share.
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