SolarEdge Technologies (SEDG) Tops Q1 EPS by 4c, Q2 Rev. Guidance Beats

SolarEdge Technologies (NASDAQ: SEDG) reported Q1 EPS of $0.64, $0.04 better than the analyst estimate of $0.60. Revenue for the quarter came in at $271.9 million versus the consensus estimate of $266.38 million.

GUIDANCE:

SolarEdge Technologies sees Q2 2019 revenue of $310-320 million, versus the consensus of $282.1 million.

• Gross margin expected to be within the range of 32% to 34%
• Revenues from solar products to be within the range of $290 million to $300 million
• Gross margin from sale of solar products expected to be within the range of 33% to 35%

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

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