FLEX REPORTS THIRD QUARTER FISCAL 2024 RESULTS

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Nextracker (NXT) soars 19% on 'impressive' results and raised guidance

January 31, 2024 5:43 PM EST

Shares of Nextracker Inc. (NASDAQ: NXT) soared more than 19% in after-hours trading Wednesday after the company reported better-than-expected earnings and revenue for Q4, and raised the guidance for the full-fiscal 2024.

Specifically, the energy solutions company posted fourth-quarter earnings per share (EPS) of $0.96, topping the consensus estimates of $0.34. Revenue came in at $710 million, while analysts were... More