PORTLAND, Tenn. (AP) — PORTLAND, Tenn. (AP) — Shoals Technologies Group Inc. (SHLS) on Tuesday reported a loss of $282,000 in its first quarter.
The Portland, Tennessee-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The solar energy equipment supplier posted revenue of $80.6 million in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $73.8 million.
For the current quarter ending in June, Shoals Technologies said it expects revenue in the range of $100 million to $110 million.
The company expects full-year revenue in the range of $410 million to $450 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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