— 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
Microsoft (MSFT) reports higher revenue and profit for Q3 2024
Microsoft Corp. (NASDAQ: MSFT) on Thursday said its third-quarter 2024 earnings increased year-over-year, reflecting strong performance by the tech giant’s main operating segments. Third-quarter revenues came in at $61.86 billion,
GOOG, GOOGL Earnings: All you need to know about Alphabet’s Q1 2024 earnings results
Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its first quarter 2024 earnings results today. Revenues increased 15% year-over-year to $80.5 billion. Revenue growth was 16% in constant currency. Net income was
MRK Earnings: Merck Q1 2024 profit jumps on 9% revenue growth
Pharmaceutical company Merck & Co. Inc. (NYSE: MRK) reported a sharp increase in adjusted earnings for the first quarter of 2024, aided by an increase in revenues. First-quarter worldwide sales
