SolarEdge’s stock tanks 22% after company swings to surprise loss, revenue drop

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.

Shares of SolarEdge Technologies Inc.

dropped more than 20% in the extended session Wednesday after the solar-power company swung to a surprise loss in the third quarter, saying it faced a slowdown in solar installations, and called for sharply lower sales in the current quarter. SolarEdge lost $61.2 million, or $1.08 a share, in the quarter, contrasting with net earnings of $24.7 million, or 43 cents a share, in the year-ago quarter. Adjusted for one-time items, the company lost 55 cents a share. Revenue dropped 27% to $725.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 3. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines