Shares of JinkoSolar Holding Co Ltd (NYSE:JKS) posted sharp losses on Monday after earnings missed estimates and revenue declined from the year-ago level.
The Chinese-based company said earnings came to US$0.41, below the consensus estimate of US$0.55. Revenue touched US$915.9mln, above expectations of US$909.5mln, but down from the US$1.17bn posted in the same time last year.
In New York, shares dropped nearly 13% to US$13.79 on volume of 1.5mln shares, nearly double the average daily volume of 771,000 shares.
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The stock was up 12.5% to US$1.90 around midday.
Global health and wellness company Mannatech Inc (NASDAQ:MTEX) also advanced after it announced a share buyback program worth US$500,000. The company has been operating for more than 20 years with operations in 26 markets.
Mannatech stock was up 13.5% to US$20.55, just off the session peak of US$20.65.
Specialty services company Dycom Industries (NYSE:DY) shares tumbled after it slashed its profit and sales guidance in its fiscal year.
Dycom shares dropped 21.2% to trade at US$70.78, having traded as low as US$67.80. The stock had closed last Friday at US$89.71. Volume traded topped 4.2mln shares, dwarfing the average daily volume of 580,300 shares as investors fled the stock.
Contact Rene Pastor at rene.pastor@proactiveinvestors.com