8point3 Energy Partners (CAFD) Misses Q2 EPS by 3c, Beats on Revenues; Offers Positive Q3 & FY17 Revenue Guidance

8point3 Energy Partners (NASDAQ: CAFD) reported Q2 EPS of $0.12, $0.03 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $16.7 million versus the consensus estimate of $15.49 million.

GUIDANCE:

8point3 Energy Partners sees Q3 2017 revenue of $25-26 million, versus the consensus of $25.16 million.

• Exceeded Q2 2017 revenue, net income, Adjusted EBITDA and CAFD guidance
• Sponsors\' strategic review of Partnership interests continuing
• Declared Q2 2017 distribution of $0.2642 per share, an increase of 3.0 percent over the Q1 2017 distribution
• Forecasts Q3 2017 distribution of $0.2721 per share, an increase of 3.0 percent compared to the Q2 2017 distribution
• Partnership reiterates fiscal year 2017 financial guidance and distribution growth of 12 percent

8point3 Energy Partners sees FY2017 revenue of $63.3-66.7 million, versus the consensus of $62.92 million.

For earnings history and earnings-related data on 8point3 Energy Partners (CAFD) click here.

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