Azure Power (AZRE) Misses Q2 EPS by 4c, Revenues Miss; Maintains FY19 Revenue Guidance Above Consensus

November 13, 2018 4:32 PM EST
Get Alerts AZRE Hot Sheet
Price: $25.66 -2.4%

Today's EPS Names:
More
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Azure Power (NYSE: AZRE) reported Q2 EPS of ($0.16), $0.04 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $30.7 million versus the consensus estimate of $33.09 million.

  • Operating Megawatts (MW) were 1,018 MW as of September 30, 2018, an increase of 27% over September 30, 2017.
  • Operating & Committed Megawatts were 3,059 MW as of September 30, 2018, an increase of 122% over September 30, 2017.
  • Revenue for the quarter was INR 2,225.7 million (US$ 30.7 million), an increase of 22% over the quarter ended September 30, 2017.
  • Adjusted EBITDA for the quarter was INR 1,807.7 million (US$ 24.9 million), an increase of 21% over the quarter ended September 30, 2017.

GUIDANCE:

Azure Power sees FY2019 revenue of $143-151 million, versus the consensus of $141.08 million.

For earnings history and earnings-related data on Azure Power (AZRE) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance

Related Entities

Earnings