Highpower International (HPJ) Tops Q3 EPS by 2c, Revenue Light, Maintains FY14 Revenue Guidance
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Highpower International (NASDAQ: HPJ) reported Q3 EPS of $0.15, $0.02 better than the analyst estimate of $0.13. Revenue for the quarter came in at $44.47 million versus the consensus estimate of $47.64 million.
Highpower International sees FY2014 revenue of $150-170 million, versus the consensus of $161.43 million.
"Based on current expectations for global demand in the rechargeable battery market in 2014 and the continued shift toward mobile power sources, higher-value energy storage systems and transportation products, the Company reiterates the 2014 guidance of revenues of between $150 million to $170 million, and non-GAAP net income of between $2.5 million and $4.0 million, and net income of between $1.5 million and $3.0 million."
For earnings history and earnings-related data on Highpower International (HPJ) click here.
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