— SolarEdge Technologies, Inc. (NASDAQ: SEDG) reported its fourth-quarter 2019 adjusted earnings of $1.65 per share versus $1.25 per share expected.
— Total revenues rose by 2% to $418.2 million versus $413.78 million expected.
— Revenues related to solar business soared by 60% year-over-year to $389 million.
— Looking ahead into the first quarter of 2020, the company expects revenues in the range of $425-440 million and revenues from solar products in the range of $405-415 million. The consensus estimates revenue of $389.26 million.
— The gross margin is predicted to be within the range of 32-34% for the first quarter and the gross margin from the sale of solar products is anticipated to be within the range of 33-35%.
— In addition, the company appointed CEO Zivi Lando to the Board of Directors. Lando will continue as CEO on a permanent basis. He took over as executive chief six months ago upon the untimely passing of CEO, Chairman, and founder.
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
