HERZILIYA PITUACH, Israel (AP) — HERZILIYA PITUACH, Israel (AP) — SolarEdge Technologies Inc. (SEDG) on Thursday reported a loss of $124.7 million in its second quarter.
On a per-share basis, the Herziliya Pituach, Israel-based company said it had a loss of $2.13. Losses, adjusted for one-time gains and costs, came to 81 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 82 cents per share.
The photovoltaic products maker posted revenue of $289.4 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $273.7 million.
For the current quarter ending in September, SolarEdge said it expects revenue in the range of $315 million to $355 million.
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