8point3 Energy Partners (CAFD) Tops Q1 EPS by 19c

8point3 Energy Partners (NASDAQ: CAFD) reported Q1 EPS of $0.03, $0.19 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $9.9 million versus the consensus estimate of $10.14 million.

• Exceeded Q1 2017 revenue, net loss, Adjusted EBITDA and CAFD guidance
• Completed acquisition of minority stake in First Solar\'s Stateline project
• Declared Q1 2017 distribution of $0.2565 per share, an increase of 3.0 percent over the Q4 2016 distribution
• Forecasts Q2 2017 distribution of $0.2642 per share, an increase of 3.0 percent compared to the Q1 2017 distribution
• 2017 financial guidance remains unchanged, reiterates fiscal year 2017 distribution growth of 12%

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

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