SolarEdge Technologies Inc Reports Earnings of $13.68, Falling Short of Expectations; Profits Also Disappointing

According to SolarEdge Technologies Inc's (NASDAQ: SEDG) report, the third quarter loss per share was -$15.33, which is $13.68 worse than analysts' expectations of -$1.65. The profit reported for this quarter was $260.9 million, while analyst expectations were $272.8 million.

For the fourth quarter of 2024, SolarEdge Technologies Inc's guidance for profit was set at $180.00 million to $200.00 million, whereas analysts had projected $309.20 million.

SolarEdge Technologies Inc's stock closed at $14.68 for the day, reflecting a 30.75% loss in value over the past three months. Over the last 12 months, the stock has lost 79.94% of its value. In the past 90 days, SolarEdge Technologies Inc reported 0 positive earnings per share, while it experienced 23 negative earnings per share.

You can review how SolarEdge Technologies Inc's stock price reacted to past earnings reports. According to InvestingPro, the company has a financial health score of "Very Good Performance."

Check out the latest earnings reports and all financial information related to SolarEdge Technologies Inc. Stay updated on all developments regarding balance sheets by visiting Investing.com’s Earnings Calendar.