Hanwha Q CELLS (HQCL) Misses Q4 EPS Views; Offers Q1, FY16 Outlook

Hanwha Q CELLS (NASDAQ: HQCL) reported Q4 EPS of $0.32, $0.41 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $700.8 million versus the consensus estimate of $851.6 million.

• Total module shipments were 1,238 megawatts ("MW") (of which 990 MW were revenue-recognized in the quarter).
• Total revenue-recognized shipments of 990 MW include 911 MW of external shipments, 78 MW for Company's own downstream projects and 1 MW of OEM.

Business Outlook

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

For the first quarter 2016, the Company expects:

• Module shipments of 850 to 900 MW
• Gross margin of 18 to 19%

For the full year 2016, the Company expects:

• Module shipments of 4.5 to 4.7 GW
• 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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