© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect SolarEdge Technologies Inc Earnings Miss, Revenue Beats In Q3
Investing.com – SolarEdge Technologies (NASDAQ:) Inc reported on Monday third quarter that missed analysts’ forecasts and revenue that topped expectations.
SolarEdge Technologies Inc announced earnings per share of $0.91 on revenue of $836.7M. Analysts polled by Investing.com anticipated EPS of $1.47 on revenue of $826.36M.
SolarEdge Technologies Inc shares are down 69% from the beginning of the year, still down 45.78% from its 52 week high of $389.71 set on November 22, 2021.
SolarEdge Technologies Inc shares gained 7.21% in after-hours trade following the report.
SolarEdge Technologies Inc follows other major Information Technology sector earnings this month
SolarEdge Technologies Inc’s report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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