HERZILIYA PITUACH, Israel (AP) — HERZILIYA PITUACH, Israel (AP) — SolarEdge Technologies Inc. (SEDG) on Wednesday reported a loss of $287.4 million in its fourth quarter.
The Herziliya Pituach, Israel-based company said it had a loss of $5 per share. Losses, adjusted for one-time gains and costs, were $3.52 per share.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $1.57 per share.
The photovoltaic products maker posted revenue of $196.2 million in the period, topping Street forecasts. Ten analysts surveyed by Zacks expected $186.3 million.
For the current quarter ending in March, SolarEdge said it expects revenue in the range of $195 million to $215 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SEDG at https://www.zacks.com/ap/SEDG
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