Hanwha SolarOne Co., Ltd. (HSOL) Misses Q1 EPS by 1c; Shipments Up 65%; Guides Q2, FY11 Shipments

May 24, 2011 7:24 AM EDT
Hanwha SolarOne Co., Ltd. (NASDAQ: HSOL) reported Q1 EPS of $0.28, $0.01 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $335.2 million versus the consensus estimate of $317.58 million.

PV module shipments, including module processing services, reached 248.5 MW, an increase of 13.6% from 218.8 MW in 4Q10 and an increase of 65.0% from 1Q10.

Sees Q211 shipments of about 200-MW.

Sees FY11 shipments of about 1.0 - 1.2-GW.


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