HERZILIYA PITUACH, Israel (AP) 鈥� HERZILIYA PITUACH, Israel (AP) 鈥� SolarEdge Technologies Inc. (SEDG) on Wednesday reported a loss of $30.8 million in its second quarter.
The Herziliya Pituach, Israel-based company said it had a loss of 50 cents per share. Earnings, adjusted for one-time gains and costs, were 6 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The photovoltaic products maker posted revenue of $346.2 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $341.7 million.
For the current quarter ending in September, SolarEdge said it expects revenue in the range of $310 million to $340 million.
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