SolarCity (SCTY) Misses Q1 EPS by 25c; Trims Outloook

SolarCity (NASDAQ: SCTY) reported Q1 EPS of ($2.56), $0.25 worse than the analyst estimate of ($2.31). Revenue was $122.6 million, versus the consensus of $110 million.

The company installed 214-MW in Q1.

Guidance:

SolarCity expects to install 1 to 1.1-GW in 2016, versus 1.25-GW prior.

The company sees installing 185-MW in Q216. The company also expects a loss of $2.80 - $2.70 per share, with the Street at a loss of $2.13 per share.

For earnings history and earnings-related data on SolarCity (SCTY) click here.

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