Hanwha Q CELLS (HQCL) Tops Q2 EPS Views

August 23, 2016 6:42 AM EDT
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Hanwha Q CELLS (NASDAQ: HQCL) reported Q2 EPS of $0.92, $0.44 better than the analyst estimate of $0.48. Revenue for the quarter came in at $638 million versus the consensus estimate of $667.9 million.

OPERATION UPDATES and BUSINESS OUTLOOK

Capacity Status

As of June 30, 2016, the Company had annualized production capacities of 1,500 MW for ingot, 900 MW for wafer, 4,000 MW for cell and 4,000 MW for module.

  • Manufacturing Capacity (in nameplate MW)

4Q15

2Q16

YE16(E)

Module

3,800

4,000

4,100

Cell

3,700

4,000

4,100

Wafer

900

900

900

Ingot

1,400

1,500

1,500

Business Outlook

For the full year 2016, the Company expects:

  • Total module shipments of 4,800 to 5,000 MW
  • Capital expenditures of approximately $180 million, of which $100 million for capacity expansion and the remaining $80 million for manufacturing technology upgrades and certain R&D related expenditures

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



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