Hanwha Q CELLS (HQCL) Misses Q3 EPS Views

Hanwha Q CELLS (NASDAQ: HQCL) reported Q3 EPS of $0.01, $0.18 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $427 million versus the consensus estimate of $558.4 million.

Total solar module shipments were 805 megawatts ("MW"), an increase of 31.1% quarter-over-quarter.
Total shipments include 742 MW of external shipments, 11 MW of OEM and 52 MW of shipments to the Company's own downstream projects.

Guidance:

The Company provides the following guidance based on current operating trends and market conditions.

For the fourth quarter 2015, the Company expects:

• Module shipments of 1.2 to 1.4 GW
• Gross margins at over 20%

For the full year 2015, the Company expects:

• Module shipments of 3.2 to 3.4 GW
• Gross margins of approximately 19%
• Capital expenditures of US$280 million for cell and module capacity expansions and manufacturing technology upgrades.

For earnings history and earnings-related data on Hanwha Q CELLS (HQCL) click here.

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