SolarEdge: Q1 Earnings Snapshot
By Ap News
Published - May 08, 2024, 04:18 PM ET
Last Updated - May 08, 2024, 04:18 PM EDT
HERZILIYA PITUACH, Israel (AP) — HERZILIYA PITUACH, Israel (AP) — SolarEdge Technologies Inc. (SEDG) on Wednesday reported a loss of $157.3 million in its first quarter.
The Herziliya Pituach, Israel-based company said it had a loss of $2.75 per share. Losses, adjusted for stock option expense and restructuring costs, came to $1.90 per share.
The results fell short of Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of $1.58 per share.
The photovoltaic products maker posted revenue of $204.4 million in the period, surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $194.8 million.
