HERZILIYA PITUACH, Israel (AP) — HERZILIYA PITUACH, Israel (AP) — SolarEdge Technologies Inc. (SEDG) on Wednesday reported a loss of $50.1 million in its third quarter.
On a per-share basis, the Herziliya Pituach, Israel-based company said it had a loss of 84 cents. Losses, adjusted for one-time gains and costs, came to 31 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.
The photovoltaic products maker posted revenue of $340.2 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $333.5 million.
For the current quarter ending in December, SolarEdge said it expects revenue in the range of $310 million to $340 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SEDG at https://www.zacks.com/ap/SEDG
/Semiconductor%20by%20Gorodenkoff%20via%20Shutterstock.jpg)
/An%20image%20of%20a%20Tesla%20humanoid%20robot%20in%20front%20of%20the%20company%20logo%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
