8point3 Energy Partners (CAFD) Tops Q2 EPS by 51c, Offers Guidance

8point3 Energy Partners (NASDAQ: CAFD) reported Q2 EPS of $0.50, $0.51 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $13.5 million versus the consensus estimate of $11.6 million.

GUIDANCE:

8point3 Energy Partners sees Q3 2016 revenue of $23-24 million, versus the consensus of $17.72 million.

The partnership's 2016 guidance is as follows: revenue of $57.1 million to $59.1 million, net income of $1.8 million to $3.8 million, adjusted EBITDA of $68.8 million to $70.8 million, CAFD of $71.0 million to $73.5 million. The partnership's fiscal year CAFD guidance includes approximately $9.5 million in network upgrade reimbursements currently expected to be received in the fourth quarter of 2016.

(Streets see FY revenue of $55.9 million)

The partnership also reiterated that it expects to achieve its 12 to 15 percent distribution growth rate for 2016.

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

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