UPDATE: Yingli Green Swings To Q1 Loss
Yingli Green Energy Holding Co (NYSE: YGE) posted a loss in the first quarter.
Yingli Green posted a quarterly loss of CNY283.2 million ($45 million), or CNY1.82 (29 cents) an American depositary share (ADS), versus a year-ago profit of CNY368.3 million, or CNY2.29 an ADS. Excluding certain items, Yingli Green lost CNY1.54 (24 cents).
Its revenue fell 8.8% to CNY3.15 billion ($500 million). However, analysts were expecting a loss of $0.21 per share on revenue of $449 million.
Yingli Green's gross margin declined to 7.8%.
Yingli Green shares closed at $2.76 yesterday.
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