PORTLAND, Tenn. (AP) — PORTLAND, Tenn. (AP) — Shoals Technologies Group Inc. (SHLS) on Tuesday reported second-quarter net income of $11.8 million.
On a per-share basis, the Portland, Tennessee-based company said it had profit of 7 cents. Earnings, adjusted for non-recurring costs, were 10 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The solar energy equipment supplier posted revenue of $99.2 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $89.8 million.
For the current quarter ending in September, Shoals Technologies said it expects revenue in the range of $95 million to $105 million.
The company expects full-year revenue in the range of $370 million to $400 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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