Yingli Reports Weaker-Than-Expected Q1 Results

Yingli Green Energy Holding Co Ltd YGE reported downbeat Q1 results on Friday. Yingli reported its Q1 net income at $56.2 million, or $0.35 per American Depositary Share (ADS), up from $28 million, or $0.18 per ADS, in the year-ago period. Excluding items, the company's earnings came in at $0.35 per ADS, down from analysts' estimates of $0.39. Yingli's revenue surged 47% to $527.3 million, down from analysts' estimates of $567.5 million. Yingli shares dropped 0.10% to $9.95 in pre-market trading. Read more from Benzinga's Company news.