Hanwha Q CELLS (HQCL) Tops Q2 EPS by 15c, Beats on Revenues; Q3 Revenues Mid-Point Below Consensus

Hanwha Q CELLS (NASDAQ: HQCL) reported Q2 EPS of $0.22, $0.15 better than the analyst estimate of $0.07. Revenue for the quarter came in at $577.7 million versus the consensus estimate of $571.9 million.

Second Quarter 2017 Highlights

• Net revenues were $577.7 million, compared with $432.0 million in the first quarter of 2017 and $638.0 million in the second quarter of 2016.
• Gross margin was 11.6%, compared with 13.8% in the first quarter of 2017 and 23.7% in the second quarter of 2016.
• Operating income was $20.1 million, compared with operating income of $28.3 million in the first quarter of 2017 and operating income of $84.5 million in the second quarter of 2016.
• Net income attributable to the Company's ordinary shareholders was $18.7 million, compared with net income of $17.6 million in the first quarter of 2017 and net income of $76.8 million in the second quarter of 2016.
• Earnings per fully diluted American Depositary Share (\"ADS\" and each ADS represents 50 of the Company's ordinary shares) were $0.22, compared with earnings per fully diluted ADS of $0.21 in the first quarter of 2017 and earnings per fully diluted ADS of $0.92 in the second quarter of 2016.

GUIDANCE:

Hanwha Q CELLS sees Q3 2017 revenue of $540-560 million versus consensus of $559.6M

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

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