SolarEdge Technologies (SEDG) Tops Q3 EPS by 11c, Beat on Revenues
SolarEdge Technologies (NASDAQ: SEDG) reported Q3 EPS of $0.66, $0.11 better than the analyst estimate of $0.55. Revenue for the quarter came in at $166.6 million versus the consensus estimate of $159.18 million.
Third Quarter 2017 Highlights
- Revenues for the quarter of $166.6 million
- GAAP gross margin for the quarter of 34.9%
- GAAP operating income for the quarter of $25.4 million
- GAAP net income for the quarter of $28.0 million
- Non-GAAP net income for the quarter of $31.5 million
- GAAP net diluted earnings per share for the quarter of $0.61
- Non-GAAP net diluted earnings per share for the quarter of $0.66
- Cash flow from operating activities of $33.6 million
- 676 Megawatts (AC) of inverters shipped for the quarter
For earnings history and earnings-related data on SolarEdge Technologies (SEDG) click here.
