SolarEdge Technologies (SEDG) Q2 Loss Widens, Revenues Fall Y/Y
SEDGSolarEdge(SEDG) ZACKS·2024-08-08 22:15

SolarEdge Technologies, Inc. (SEDG) reported a second-quarter 2024 adjusted loss of 1.79pershare,widerthantheZacksConsensusEstimateofalossof1.79 per share, wider than the Zacks Consensus Estimate of a loss of 1.60. The bottom line also deteriorated from the prior-year quarter’s reported earnings of 2.62pershare.Barringonetimeadjustments,thecompanyincurredaGAAPlossof2.62 per share.Barring one-time adjustments, the company incurred a GAAP loss of 2.31 per share against GAAP earnings of $2.03 per share recorded in the year-ago period.The year-over-year deterioration in the bottom line can be attributed to significantly lower re ...