Vivint Solar (VSLR) Misses Q3 EPS by 4c

Vivint Solar (NYSE: VSLR) reported Q3 EPS of ($0.33), $0.04 worse than the analyst estimate of ($0.29). Revenue for the quarter came in at $75.1 million versus the consensus estimate of $76.35 million.

• Operating Leases and Incentives Revenue was $45.9 million, up 37% from $33.4 million in the third quarter of the prior year. Total revenue for the quarter was $75.1 million, up 82% from $41.3 million in the third quarter of the prior year.
• Cost of Revenue – Operating Leases and Incentives was $34.7 million, down from $39.3 million in the same period of 2016.
• Total Operating Expenses, including cost of revenue, were $87.1 million, compared to $74.6 million in the third quarter of 2016.
• Loss from Operations was $12.0 million compared to $33.3 million in the same period of 2016.
• GAAP Net Income Available (Loss Attributable) per Share to Common Stockholders was $0.06, down from $0.15 in the third quarter of 2016.
• Non-GAAP Net Loss Attributable Before Non-Controlling Interests and Redeemable Non-Controlling Interests per Share was ($0.33), up from ($0.36) in the same period of 2016. See below for a further discussion of Non-GAAP Loss per Share.

For earnings history and earnings-related data on Vivint Solar (VSLR) click here.

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