UPDATE: JA Solar Holdings Reports Upbeat Q1 Profit

JA Solar Holdings Co Ltd JASO reported upbeat quarterly profit. The company reported its Q1 net income at $71.8 million, or $0.41 per American Depositary Share (ADS), versus $0.25 per ADS, in the year-ago quarter. The company's revenue surged to $556.4 million. However, analysts were expecting earnings of $0.31 per ADS on revenue of $551.7 million. JASO shares gained 3.28% to $6.30 in pre-market trading. Read more from Benzinga's Company news.