FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Nextracker Inc. (NXT) on Tuesday reported fiscal third-quarter net income of $131.2 million.
On a per-share basis, the Fremont, California-based company said it had profit of 85 cents. Earnings, adjusted for stock option expense and amortization costs, were $1.10 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.
The solar energy equipment supplier posted revenue of $909.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $814.6 million.
Nextracker expects full-year earnings in the range of $4.26 to $4.36 per share, with revenue in the range of $3.43 billion to $3.5 billion.
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