UPDATE: Hanwha SolarOne Swings To Q2 Loss

Hanwha SolarOne Co HSOL swung to a quarterly loss on Wednesday. Hanwha SolarOne's net loss attributable to common shareholders came in at $10.7 million, or $0.13 per American Depository Share (ADS), versus a profit $40.2 million, or $0.53 per ADS, in the year-ago period. Excluding items, Hanwha SolarOne's loss came in at $0.12 per basic ADS. Its revenue climbed 2% to $277.1 million. However, analysts were expecting earnings of $0.12 per ADS on revenue of $272.7 million. Shipments in the period dropped 17% y/y. Hanwha SolarOne shares dropped 3.37% to $3.73 in pre-market trading.