Categories Earnings, Energy

SolarEdge Technologies (NASDAQ: SEDG): Q4 2019 Earnings Snapshot

— 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.

Earnings Update by AlphaStreet

— 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.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

Salesforce stock hit by weak guidance, co-CEO’s exit. What next?

For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected

Macy’s (M): Here’s a look at the retailer’s expectations for the near term

Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top