Check out the companies making headlines in after-hours trading. SolarEdge — Shares plunged 20% after the solar company lowered its third-quarter revenue guidance to between $720 million and $730 million, down from prior guidance of between $880 million to $920 million. CEO Zvi Lando said the company experienced "substantial unexpected" cancellations and pushouts of existing backlog from its European distributors. Enphase Energy and First Solar lost 14% and 4.
The company reported adjusted earnings of 41 cents per share, while analysts estimated per-share earnings of 36 cents, according to LSEG. The company's revenue of $2.02 billion exceeded analysts' expectations of $1.89 billion. Western Alliance — The regional bank gained 3%. Western Alliance posted third-quarter earnings of $1.97 per share, while analysts polled by FactSet forecasted $1.91 per share. Net interest income was $587 million, while analysts called for $559.1 million.
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