SolarEdge: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 10:06 AM ET
Last Updated - Aug 08, 2024, 10:06 AM EDT
HERZILIYA PITUACH, Israel (AP) — HERZILIYA PITUACH, Israel (AP) — SolarEdge Technologies Inc. (SEDG) on Wednesday reported a loss of $130.8 million in its second quarter.
On a per-share basis, the Herziliya Pituach, Israel-based company said it had a loss of $2.31. Losses, adjusted for one-time gains and costs, came to $1.79 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.60 per share.
The photovoltaic products maker posted revenue of $265.4 million in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $258.5 million.
