Hanwha SolarOne (HSOL) Posts Wider than Expected Q2 Loss; Lowers FY12 Shipment Outlook

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Hanwha SolarOne (NASDAQ: HSOL) reported Q2 EPS of ($0.46), $0.15 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $168.7 million versus the consensus estimate of $173.86 million.

PV module shipments, including module processing services, were 230.7 MW, an increase of 43.6% from 160.7 MW in 1Q12, and an increase of 12.0% from 205.9 MW in 2Q11.

Sees Q312 total module shipments to be similar to those achieved in the 2Q 2012.

For FY12, module shipments reduced from the previous forecast of 1 GW to a range of 900 MW to 1 GW.
For earnings history and earnings-related data on Hanwha SolarOne (HSOL) click here.

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