SolarEdge Announces Third Quarter 2019 Financial Results
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SolarEdge Technologies (SEDG) Tops Q3 EPS by 5c, Revenues Beat; Q4 Revenue Outlook Above Consensus
November 6, 2019 4:27 PM ESTSolarEdge Technologies (NASDAQ: SEDG) reported Q3 EPS of $1.21, $0.05 better than the analyst estimate of $1.16. Revenue for the quarter came in at $410.6 million versus the consensus estimate of $402.89 million.
Third Quarter 2019 Highlights
Record revenues of $410.6 millionRecord revenues from solar products of $387.8 millionGAAP gross margin of 33.9%GAAP gross margin from sale of solar products of 35.0%Non-GAAP gross margin from sale of solar products of 35.4%GAAP net income of $41.6 millionRecord... More