SolarEdge: Q3 Earnings Snapshot

HERZILIYA PITUACH, Israel (AP) — HERZILIYA PITUACH, Israel (AP) — SolarEdge Technologies Inc. (SEDG) on Wednesday reported a loss of $8.4 million in its third quarter.

The Herziliya Pituach, Israel-based company said it had a loss of 14 cents per share. Earnings, adjusted for one-time gains and costs, were 29 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The photovoltaic products maker posted revenue of $326.1 million in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $329.1 million.

For the current quarter ending in December, SolarEdge said it expects revenue in the range of $245 million to $275 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SEDG at https://www.zacks.com/ap/SEDG