HERZILIYA PITUACH, Israel (AP) — HERZILIYA PITUACH, Israel (AP) — SolarEdge Technologies Inc. (SEDG) on Wednesday reported a loss of $132.1 million in its fourth quarter.
The Herziliya Pituach, Israel-based company said it had a loss of $2.21 per share. Losses, adjusted for non-recurring costs and stock option expense, were 14 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The photovoltaic products maker posted revenue of $335.4 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $328.5 million.
For the current quarter ending in March, SolarEdge said it expects revenue in the range of $290 million to $320 million.
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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