Hanwha Q CELLS Reports First Quarter 2016 Results
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Hanwha Q CELLS (HQCL) Tops Q1 EPS by 9c; Will Divest Korea-Located Model Fab
May 19, 2016 6:35 AM EDTHanwha Q CELLS (NASDAQ: HQCL) reported Q1 EPS of $0.33, $0.09 better than the analyst estimate of $0.24. Revenue for the quarter came in at $514.9 million versus the consensus estimate of $542.5 million.
Total module shipments were 912 megawatts ("MW") in the first quarter of 2016, exceeding the guidance range of 850 MW to 900 MW.
DIVESTITURE OF MODULE FAB IN KOREA
The Company decided to dispose its ownership interest of module fab located in Eumseong, Korea to Hanwha Q CELLS Korea Corporation, which is an affiliate of the Company and the current owner and operator of... More
