-+ 0.00%
-+ 0.00%
-+ 0.00%
SolarEdge: Q3 Earnings Snapshot
Share
Listen to the news

HERZILIYA PITUACH, Israel (AP) — HERZILIYA PITUACH, Israel (AP) — SolarEdge Technologies Inc. (SEDG) on Wednesday reported a loss of $8.4 million in its third quarter.

The Herziliya Pituach, Israel-based company said it had a loss of 14 cents per share. Earnings, adjusted for one-time gains and costs, were 29 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The photovoltaic products maker posted revenue of $326.1 million in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $329.1 million.

For the current quarter ending in December, SolarEdge said it expects revenue in the range of $245 million to $275 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SEDG at https://www.zacks.com/ap/SEDG

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending