Maxwell Issues Q3 Guidance Below Estimates - Quick Facts

(RTTNews) - Maxwell Technologies, Inc. (MXWL) announced the company expects total revenue for the third quarter of 2016 to be in the range of $24 million to $27 million. The projected midpoint of non-GAAP net loss per share guidance is $0.18. Analysts polled by Thomson Reuters expect the company to report a loss per share of $0.09 on revenue of $38.2 million. Analysts' estimates typically exclude special items.

"Our third quarter outlook reflects continued weakness from the China bus market and a new challenge presented by a sudden slowdown in wind turbine deployments in China as we believe local governments are slowing down new installations in order to address local economic issues," said Franz Fink, Maxwell's president and CEO.