SEDG - Why SolarEdge Stock Is Down After Earnings | Benzinga
SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares are trading lower Wednesday after the company posted mixed fourth-quarter financial results and issued weak guidance after the market close on Tuesday.
The Details:
SolarEdge Technologies reported quarterly losses of 92 cents per share which beat the analyst consensus estimate of losses of $1.33 by 30.83%.
However, the company reported quarterly sales of $316 million, missing the analyst consensus estimate of $323.3 million by 2.26% and representing a 64.52% decrease over sales of $890.7 million from the same period last year.
SolarEdge also issued weak first-quarter guidance of revenue within a range of $175 million to $215 million, with revenue from the solar segment to be within the range of $160 million to ...