UPDATE: Yingli Green Reports Upbeat Q2 Profit

Yingli Green Energy Holding Co Ltd YGE reported upbeat second-quarter profit. Yingli Green's quarterly net income climbed to $58.1 million, or $0.36 per American depository share (ADS), up from $32.1 million, or $0.21 per ADS, in the year-ago period. Excluding one-time items, Yingli Green's earnings came in at $0.34 per ADS. Its revenue came in at $680.6 million. However, analysts were expecting earnings of $0.28 per ADS on revenue of $616.04. Yingli Green shares gained 0.53% to $5.66 in after-hours trading.