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.

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