The Associated PressJinpan International Ltd., which makes cast resin transformers for power distribution, said on Friday that its second-quarter profit jumped 44 percent as raw material prices fell and it benefited from an influx of high-end orders. But its shares fell sharply as it predicted that earnings growth would slow.
Jinpan 2Q Profit Up 44 Percent; Shares Fall
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.