Highpower International (HPJ) Reports In-Line Q4 EPS, FY15 Revenue Guidance Falls Short

Highpower International (NASDAQ: HPJ) reported Q4 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $35.3 million versus the consensus estimate of $35.86 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 expects 2015 revenues to be between $160 million to $170 million, and non-GAAP net income of between $5.0 million and $6.0 million, and net income of between $4.0 million and $5.0 million.

(Streets sees FY15 revenue of $178.29 million).

For earnings history and earnings-related data on Highpower International (HPJ) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Movano (MOVE) Misses Q2 EPS by 195c
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c