HERZILIYA PITUACH, Israel (AP) — HERZILIYA PITUACH, Israel (AP) — SolarEdge Technologies Inc. (SEDG) on Tuesday reported a loss of $98.5 million in its first quarter.
The Herziliya Pituach, Israel-based company said it had a loss of $1.70 per share. Losses, adjusted for one-time gains and costs, were $1.14 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of $1.20 per share.
The photovoltaic products maker posted revenue of $219.5 million in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $203.8 million.
For the current quarter ending in June, SolarEdge said it expects revenue in the range of $265 million to $285 million.
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