Robert Way JinkoSolar Holding ( JKS ) declined more than 16% on Thursday after its adjusted net loss almost doubled in the fourth quarter. The China-based firm reported an adjusted net loss attributable to ordinary shareholders of RMB837.7M ($119.8M) compared to RMB430.8M in the corresponding quarter last year. The GAAP EPADS for the quarter were RMB28.65 ($4.10). Revenue also declined 15.2% year-...
Robert Way JinkoSolar Holding ( JKS ) declined more than 16% on Thursday after its adjusted net loss almost doubled in the fourth quarter. The China-based firm reported an adjusted net loss attributable to ordinary shareholders of RMB837.7M ($119.8M) compared to RMB430.8M in the corresponding quarter last year. The GAAP EPADS for the quarter were RMB28.65 ($4.10). Revenue also declined 15.2% year-over-year to RMB17.51B, or $2.50B. “In the fourth quarter, our gross margin decreased sequentially and our net loss expanded, impacted by factors including rising costs of raw materials such as polysilicon and silver, as well as foreign exchange rate fluctuations,” JinkoSolar's chairman and chief executive officer, Xiande Li, said. For the full year, the company reported an adjusted net loss of RMB3.14 billion ($448.6M) and total revenues of RMB65.50B ($9.37B), down 29.0% year-over-year. The management attributed the loss to “low module prices, the elimination of obsolete production capacity, and a still-evolving product mix.” The company has guided Q1 2026 module shipments to be in the range of 13.0 GW to 14.0 GW. For the entire year, it sees module shipments to be in the range of 75.0 GW to 85.0 GW, while ESS shipments are expected to more than double year-over-year. JinkoSolar expects its annual integrated production capacity to be 100 GW, including 14 GW overseas, by the end of 2026. JSK -14% to $20.83. More on JinkoSolar Holding JinkoSolar: Facing A Double-Edged Sword JinkoSolar Holding GAAP EPADS of -$4.10, revenue of $2.5B beats by $140M JinkoSolar Holding Q4 Earnings Preview Seeking Alpha’s Quant Rating on JinkoSolar Holding
Earnings Call Insights: Hooker Furnishings Corporation (HOFT) Q4 fiscal 2026 Management view "During the fourth quarter, we completed the previously announced sale of the Pulaski Furniture and Samuel Lawrence Furniture casegoods brands, part of our former Home Meridian segment." (CFO Earl Armstrong) "Consolidated net sales from continuing operations were $67 million, a decrease of $17.2 million or...
Earnings Call Insights: Hooker Furnishings Corporation (HOFT) Q4 fiscal 2026 Management view "During the fourth quarter, we completed the previously announced sale of the Pulaski Furniture and Samuel Lawrence Furniture casegoods brands, part of our former Home Meridian segment." (CFO Earl Armstrong) "Consolidated net sales from continuing operations were $67 million, a decrease of $17.2 million or about 21% compared to the prior year period." (CFO Armstrong) "Despite lower net sales, we reported operating income of $629,000 for the quarter." (CFO Armstrong) "Fiscal '26 was incredibly transformative as we navigated significant disruptive tariffs on our imports, opened a successful fulfillment warehouse in Asia and exited 2 unprofitable divisions, all while reducing fixed costs by about $26.3 million or 25%, of which approximately $17.5 million in fixed cost savings is related to continuing operations." (CEO Jeremy Hoff) "At the same time, we delivered slight market share growth overall... and launched our Margaritaville line, which is delivering on our expectations to be the most impactful product launch in company history." (CEO Hoff) "Late last year, we announced that our Board authorized a new share repurchase program under which the company intends to repurchase up to $5 million of our outstanding common shares beginning in fiscal '27." (CFO Armstrong) Outlook "We don't anticipate near-term meaningful improvement in conditions." (CEO Hoff) "However, with a more efficient cost structure and a streamlined portfolio, we believe we are positioned to report improved results even if current market conditions persist." (CEO Hoff) "Margaritaville product and gallery commitments continue to scale with shipments expected to begin in the second half of fiscal '27." (CEO Hoff) "After our fiscal year-end... the U.S. Supreme Court ruled that certain tariffs imposed under the International Emergency Economic Powers Act were not authorized by statute... [and] directed U.S. Custo...
The Securities and Exchange Commission asked for industry input on how to trim down the cost and scope of trading data that exchanges and brokers report to a centralized database. The so-called Consolidated Audit Trail, or the CAT, was created in the wake of the 2010 “flash crash” that briefly wiped almost $1 trillion off US stocks. The database aides the SEC in real-time market monitoring but the...
The Securities and Exchange Commission asked for industry input on how to trim down the cost and scope of trading data that exchanges and brokers report to a centralized database. The so-called Consolidated Audit Trail, or the CAT, was created in the wake of the 2010 “flash crash” that briefly wiped almost $1 trillion off US stocks. The database aides the SEC in real-time market monitoring but the CAT’s cost and scope of data have raised industry concerns over the years. “The Commission is aware of the need to address many aspects of the CAT, and public comment is a crucial piece of the comprehensive review currently under way,” Chairman Paul Atkins said in a statement on Thursday. The SEC head said last year he had asked staff to weigh measures to rein in the ballooning costs of the CAT. The cloud computing storage costs have increased as retail trades have piled into option trading. Those trades, including unfilled orders, all have to be sent to and stored by a consortium of exchanges and the Financial Industry Regulatory Authority, Wall Street’s self-regulatory watchdog. Annual costs for maintaining the market-tracking database have reached more than $248 million, according to the SEC’s concept release. The CAT consortium has revised its annual costs down to $156 million for fiscal year 2026 in light of recent changes the SEC made to help bring down the scope of data collected. In February 2025, the SEC dropped requirements for firms to report certain customer data to the CAT after critics said the data invaded traders’ privacy. Former SEC Commissioner Caroline Crenshaw , who was still at the agency at the time, said the move risked harming the agency’s ability to conduct investigations of suspicious trades. Citadel Securities and the American Securities Association filed a petition in March for a federal appeals court to review the SEC and the CAT consortium’s latest funding plan after they won a suit last year challenging the CAT’s funding structure.
US factory output snapped back in the first quarter after disappointing at the end of 2025, and the advance extended beyond the artificial intelligence build-out. Federal Reserve data out Thursday showed manufacturing production excluding high-technology industries, such as computers and semiconductors, increased an annualized 2.8%. That’s one of the healthiest paces since 2021, when the economy w...
US factory output snapped back in the first quarter after disappointing at the end of 2025, and the advance extended beyond the artificial intelligence build-out. Federal Reserve data out Thursday showed manufacturing production excluding high-technology industries, such as computers and semiconductors, increased an annualized 2.8%. That’s one of the healthiest paces since 2021, when the economy was shifting back into gear following the pandemic. Machinery, motor vehicles, mineral products and electrical equipment were among the industries with sizable output advances in the first quarter, the Fed’s figures showed. While the Iran war has introduced a new wrinkle for producers in the form of higher input costs, there have been signs of a nascent recovery in manufacturing. Capital spending may stay robust this year as trade policy uncertainty lifts and companies take advantage of favorable tax provisions. Total manufacturing output eased 0.1% in March, dragged down by weaker auto production. Excluding motor vehicles, factory output edged up 0.1%, marking the third straight monthly advance.
SAN RAFAEL, Calif., April 16, 2026 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the first quarter 2026 of $27.4 million and diluted earnings per common share ("EPS") of $1.13. First quarter 2026 results include a reversal of provision for credit losses of $300 thousand, which increased EPS $0.01. These results compare t...
SAN RAFAEL, Calif., April 16, 2026 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the first quarter 2026 of $27.4 million and diluted earnings per common share ("EPS") of $1.13. First quarter 2026 results include a reversal of provision for credit losses of $300 thousand, which increased EPS $0.01. These results compare to fourth quarter 2025 net income of $27.8 million and EPS of $1.12. Fourth quarter 2025 results include an increase to the book tax provision to reconcile the 2024 income tax provision to the filed 2024 tax returns, which reduced EPS $0.02.
European Central Bank Executive Board member Isabel Schnabel said now is a “good time” to again debate joint European Union borrowing. The German policymaker told a panel event in Washington that it’s “entirely logical” for the EU to finance European public goods by issuing common debt, but officials should first reinforce the bloc’s economic and military power. “We had a similar discussion someth...
European Central Bank Executive Board member Isabel Schnabel said now is a “good time” to again debate joint European Union borrowing. The German policymaker told a panel event in Washington that it’s “entirely logical” for the EU to finance European public goods by issuing common debt, but officials should first reinforce the bloc’s economic and military power. “We had a similar discussion something like 15 years ago and many proposals have been made and were discussed and were in the end discarded,” she said Thursday. “But the world has changed and so we should come back and discuss it again.” As support from the US wanes under President Donald Trump , Europe is looking to bolster its autonomy through initiatives to overhaul its militaries, streamline its economy and boost the global appeal of the euro. Schnabel joins Bundesbank President Joachim Nagel in voicing support for common borrowing, though the government in Berlin isn’t so eager to back the idea. Schnabel also expressed some reservations about the latest suggestions for joint debt. “In this proposal, there is no mechanism in order to enforce the market discipline that I believe is needed to deal with the moral hazard,” she said. “And I think that is an issue.” German Opposition to EU Debt Hasn’t Changed, Klingbeil Tells FAZ ECB’s Lagarde to Send EU Leaders Checklist on Strengthening Bloc Bundesbank Chief Nagel Calls for Joint EU Debt, Politico Reports
Bullish sentiment among individual investors declined, while neutral views rose and bearish sentiment edged lower, pointing to a mixed shift in overall market outlook, according to the latest survey from the American Association of Individual Investors (AAII). The American Association of Individual Investors said in its survey that the bullish camp fell to 31.7% for the week ended April 15, down f...
Bullish sentiment among individual investors declined, while neutral views rose and bearish sentiment edged lower, pointing to a mixed shift in overall market outlook, according to the latest survey from the American Association of Individual Investors (AAII). The American Association of Individual Investors said in its survey that the bullish camp fell to 31.7% for the week ended April 15, down from 35.7% in the prior week. Meanwhile, bearish sentiment eased slightly to 42.8% from 43.0% the week before. Equities navigated a volatile stretch over the past week, beginning with cautious gains as optimism around a potential U.S.-Iran resolution supported sentiment, even as uncertainty lingered. Early in the period, markets swung between risk-on rallies and sharp pullbacks after talks between the two nations failed to yield a deal, raising concerns over a potential Strait of Hormuz blockade and sending oil prices higher. Sentiment improved notably mid-week, with stocks rebounding strongly and erasing conflict-driven losses as hopes for renewed diplomacy resurfaced, volatility eased, and the S&P 500 pushed back into positive territory. The rally extended further, with major indexes climbing to record highs amid optimism over Middle East developments, strong bank earnings, and continued strength in select technology names, despite narrow market breadth. However, the momentum proved fragile, with equities slipping back into negative territory toward the end of the period as investors turned cautious again, weighing lingering geopolitical risks, evolving central bank dynamics, and mixed global economic signals. According to AAII, neutral sentiment, or expectations that stock prices will stay essentially unchanged over the next six months, rose to 25.5%, compared to 21.3% last week. The survey has been conducted by the American Association of Individual Investors since 1987, in which it asks respondents for their thoughts on where the market is heading in the next six months...
AsianDream/iStock via Getty Images This analysis serves as a follow up to an article that I wrote last year for the iShares Core MSCI Emerging Markets ETF ( IEMG ). My rating for the fund was a Sell, not because I was recommending shorting the ETF but rather just avoiding it in favor of other international options. In hindsight, my analysis was a miss. Since that article was published on May 12 , ...
AsianDream/iStock via Getty Images This analysis serves as a follow up to an article that I wrote last year for the iShares Core MSCI Emerging Markets ETF ( IEMG ). My rating for the fund was a Sell, not because I was recommending shorting the ETF but rather just avoiding it in favor of other international options. In hindsight, my analysis was a miss. Since that article was published on May 12 , IEMG has gained just over 39% when dividend are included. I had stated a preference for more developed markets at that time, suggesting alternatives like the Vanguard FTSE Developed Markets Index Fund ETF ( VEA ) and the Schwab International Equity ETF ( SCHF ). Those recommendations did not look like inferior options until the last four months or so when IEMG really began to outperform. Price Return Since May 12, 2025 (Seeking Alpha) International stocks from all parts of the world continue to outperform the counterparts from the US. What was a trendy pick for 2025 has continued to show strength in 2026. However, there are reasons for concern that go beyond the obvious issues that have been created by the current military conflict in the Middle East. Global inflation rates are trending higher . Commodity prices are rising , and fiscal policy, especially in emerging economies, is constrained by the need to limit expansion of public debt. In this analysis, I will revisit my last look at IEMG and consider what the remainder of this year may hold for emerging markets. My previous assessment of a Sell for the fund may have been too harsh, even though emerging markets continue to carry a great deal of risk. I now consider the ETF to be a Hold based on the data presented below. ETF Overview According to the fund’s prospectus, the iShares Core MSCI Emerging Markets ETF is designed to follow the investment results of an index composed of large-, mid-, and small-capitalization stocks from emerging markets. IEMG is passively managed, tracking the contents of the MSCI Emerging Markets...