November 10, 2017 / 11:58 AM / 14 days ago

BRIEF-Hanwha Q CELLS reports third quarter 2017 results

Nov 10 (Reuters) - Hanwha Q Cells Co Ltd:

* Reports third quarter 2017 results

* Sees Q4 2017 revenue $610 million to $630 million

* Q3 revenue $543 million versus $707.8 million

* Qtrly ‍earnings per fully diluted American depositary share were $0.06​

* Sees FY 2017 ‍total module shipments in range of 5,500 to 5,700 MW​

* As of September 30, 2017, company had cash and cash equivalents of $245.6 million, compared with $331.0 million as of June 30, 2017​

* Sees ‍full year 2017 revenue-recognized module shipments in range of 5,300 to 5,500 MW​

* Sees FY 2017 capital expenditures of about $70 million for manufacturing technology upgrades and certain research and development related expenditures​

* In quarter, saw ‍“downward pressure” on gross margin due to increasing wafer prices

* For Q4 of 2017, company estimates net revenues in range of $610 million to $630 million​ Source text for Eikon: Further company coverage:

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