SolarEdge Technologies (NASDAQ: SEDG) reported Q4 EPS of $1.65, $0.40 better than the analyst estimate of $1.25. Revenue for the quarter came in at $418.2 million versus the consensus estimate of $413.78 million.

“We are pleased to conclude another very successful year with revenues growth of over 50% in 2019 most of which was generated by our solar business. We also announce a non-GAAP net profit growth of over 48%,” said Zvi Lando, CEO of SolarEdge. “This year, we continued to expand our solar business and also made significant investments in our acquired businesses that open new opportunities for us to expand our product offerings into adjacent segments and leverage our highly talented technological teams to become leaders in those markets.”

GUIDANCE:

SolarEdge Technologies sees Q1 2020 revenue of $425-440 million, versus the consensus of $389.3 million.

For earnings history and earnings-related data on SolarEdge Technologies (SEDG) click here.