SolarEdge Technologies (SEDG) Q1 Loss Widens, Revenues Fall Y/Y
SEDGSolarEdge(SEDG) Zacks Investment Research·2024-05-09 22:01

SolarEdge Technologies, Inc. (SEDG) reported a first-quarter 2024 adjusted loss of 1.90pershare,widerthantheZacksConsensusEstimateofalossof1.90 per share, wider than the Zacks Consensus Estimate of a loss of 1.58. The bottom line also deteriorated from the prior-year quarter’s reported earnings of 2.90pershare.Barringonetimeadjustments,thecompanyrecordedaGAAPlossof2.90 per share. Barring one-time adjustments, the company recorded a GAAP loss of 2.75 per share against GAAP earnings of 2.35persharerecordedintheyearagoperiod.RevenuesThecompanysquarterlyrevenuesof2.35 per share recorded in the year-ago period. Revenues The company’s quarterly revenues of 204.4 million surpassed the Zacks Consensus Esti ...