SolarEdge revenue falls short, but company claims 'record backlog' of orders

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

SolarEdge shares dipped in extended trading on Tuesday after the company's third-quarter revenue feel short of expectations.

. SolarEdge posted record revenue for the period, but the number fell short of expectations and sent the stock tumbling.

The third-quarter results compare with adjusted EPS of $1.28 per share on revenue of $480 million in Q2, and $1.21 on revenue of $338 million in the year-ago quarter. SolarEdge said it expects fourth-quarter revenue to be between $530 million and $560 million. Wall Street analysts were looking for $554 million, according to estimates compiled by StreetAccount.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia stocks fall 2% as government announces ‘windfall’ tax on companiesMalaysian Finance Minister Tengku Zafrul Aziz announced several measures to raise government revenue, including a one-off 'windfall' tax on companies. good luck Meanwhile BuffDogeCoin 🔥🔥Reach new ATH buffdogecoinarmy 🚀🚀
Source: CNBC - 🏆 12. / 72 Read more »