PORTLAND, Tenn. (AP) — PORTLAND, Tenn. (AP) — Shoals Technologies Group Inc. (SHLS) on Tuesday reported first-quarter earnings of $4.8 million.
On a per-share basis, the Portland, Tennessee-based company said it had profit of 3 cents. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The solar energy equipment supplier posted revenue of $90.8 million in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $94.4 million.
For the current quarter ending in June, Shoals Technologies said it expects revenue in the range of $85 million to $95 million.
The company expects full-year revenue in the range of $440 million to $490 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 SHLS at https://www.zacks.com/ap/SHLS
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