— 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
Infographic: How UnitedHealth Group (UNH) performed in Q1 2025
UnitedHealth Group (NYSE: UNH) reported its first quarter 2025 earnings results today. Total revenues were $109.6 billion compared to $99.8 billion in the same quarter a year ago. Net earnings
INFY Earnings: Infosys Q4 profit drops despite an increase in revenues
Infosys (NYSE: INFY) Thursday reported an increase in revenues for the fourth quarter of 2025. However, Q4 profit declined year-over-year. The software firm’s revenues increased 3.6% year-over-year to $4.73 billion
AXP Earnings: Key quarterly highlights from American Express’ Q1 2025 financial results
American Express Company (NYSE: AXP) reported its first quarter 2025 earnings results today. Consolidated total revenues net of interest expense were $17 billion, up 7% year-over-year. Revenues grew 8% on
