UPDATE: Solarcity (SCTY) Posts Q1 GAAP Loss of 41c/Share

(Updated - May 13, 2013 5:34 PM EDT)

Solarcity (NASDAQ: SCTY) reported Q1 loss of 41c per share, versus the analyst estimate of ($0.26). Revenue for the quarter came in at $30 million versus the consensus estimate of $29.08 million.

Highlights:


* MWs Deployed were 46 MW, up 12% from the first quarter of 2012, and bringing cumulative MWs deployed to 333 MW. Residential MWs deployed increased 137% year-over-year
* Customer Base reached a cumulative 57,416, growing 106% year-over-year (and 14% from the fourth quarter of 2012)
* Energy Contracts signed and outstanding rose 16% from the fourth quarter of 2012 to 46,843

For Q2 2013, the Company expects to deploy between 48 MW and 53 MW.

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

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Wolverine World Wide (WWW) Tops Q2 EPS by 2c; offers guidance
• YETI Holdings, Inc. (YETI) Tops Q2 EPS by 12c
• CAVA Group Inc (CAVA) PT Lowered to $95 at Guggenheim