Hanwha Q CELLS (HQCL) Misses Q4 EPS by 36c

Hanwha Q CELLS (NASDAQ: HQCL) reported Q4 EPS of ($0.31), $0.36 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $565.9 million versus the consensus estimate of $600.5 million.

• Net revenues were $565.9 million, compared with $707.8 million in the third quarter of 2016 and $702.1 million in the fourth quarter of 2015.
• Gross margin was 9.5%, compared with 19.9% in the third quarter of 2016 and 19.1% in the fourth quarter of 2015.
• Operating loss was $6.1 million, compared with operating income of $72.4 million in the third quarter of 2016 and operating income of $53.8 million in the fourth quarter of 2015.
• Net loss attributable to Company's ordinary shareholders was $25.5 million, compared with net income of $41.7 million in the third quarter of 2016 and net income of $26.0 million in the fourth quarter of 2015.
• Loss per fully diluted American Depositary Share ("ADS" and each ADS represents 50 of the Company\'s ordinary shares) was $0.31, compared with earnings per fully diluted ADS of $0.50 in the third quarter of 2016 and earnings per fully diluted ADS of $0.31 in the fourth quarter of 2015.

For earnings history and earnings-related data on Hanwha Q CELLS (HQCL) click here.

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