SolarEdge Technologies Swings to Q2 Adjusted Earnings, Revenue Increases; Q3 Revenue Guidance Set

MT Newswires Live

Aug 05

SolarEdge Technologies (SEDG) reported Q2 non-GAAP earnings Wednesday of $0.05 per diluted, compared with an adjusted loss of $0.81 a year ago.

Two analysts polled by FactSet expected an adjusted loss of $0.27.

Revenue for the quarter ended June 30 was $346.2 million, up from $289.4 million a year earlier.

Analysts expected $341.1 million.

SolarEdge said it expects Q3 revenue in the range of $310 million to $340 million. Analysts are expecting $368.1 million.

Shares of the company fell more than 17% in recent premarket activity Wednesday.

Price: 40.40, Change: -8.36, Percent Change: -17.15

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Analysts are expecting $368.1 million.</p><p>Shares of the company fell more than 17% in recent premarket activity Wednesday.</p><p>Price: 40.40, Change: -8.36, Percent Change: -17.15</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SEDG","symbol_name":"SolarEdge Technologies, Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2657408885","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657408885","pubTimestamp":1785935963,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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