Sunedison (SUNE) Post Q2 Profit Versus Expected Loss

Sunedison (NYSE: SUNE) reported Q2 EPS of $0.12, which may not compare to the analyst estimate of ($0.28). Revenue for the quarter came in at $557.5 million versus the consensus estimate of $571.8 million.

"The second quarter was a transformational period for SunEdison. Our teams superbly executed multiple complex financing initiatives while keeping our core business on track," said Ahmad Chatila, Chief Executive Officer. "Among the milestones achieved were the successful completion of the SunEdison Semiconductor IPO and the placement of convertible senior notes, both of which give us additional flexibility to accelerate growth. In addition, just after quarter-end we successfully completed the TerraForm Power IPO which we expect to be a key driver for lower cost of capital. With these accomplishments and our growing project pipeline, we believe we are increasingly well positioned to succeed in this rapidly growing and dynamic market."

For earnings history and earnings-related data on Sunedison (SUNE) click here.

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