Hanwha SolarOne (HSOL) Narrows Q3 Loss

Hanwha SolarOne (NASDAQ: HSOL) reported Q3 EPS of ($2.56), versus ($5.44) reported last year. Revenue for the quarter came in at $1.2 billion, versus $1.14 billion reported last year.

PV module shipments, including module processing services, were 373.2 MW, a 9.9% increase from 339.5 MW in 2Q14, and a 17.4% increase from 317.8 MW in 3Q13.

BUSINESS OUTLOOK

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

For the fourth quarter 2014 the Company expects:

• Module shipments of 400 - 425 MW

For the full year 2014, the Company expects:

• Module shipments to be between 1.43 GW to 1.46 GW of which about 25 to 30% will be for PV module processing services
• Capital expenditures of $80 million largely for automation of existing manufacturing lines, as well as cell and module capacity expansions

For earnings history and earnings-related data on Hanwha SolarOne (HSOL) click here.

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