SolarEdge Technologies Q2 Adj EPS $2.62 Beats $2.55 Estimate, Sales $991.30M Beat $989.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
SolarEdge Technologies reported Q2 adjusted earnings of $2.62 per share, beating the analyst consensus estimate of $2.55 by 2.75%. This is a 175.79% increase from the same period last year. The company also reported quarterly sales of $991.30 million, beating the analyst consensus estimate of $989.17 million by 0.22%. This is a 36.21% increase from the same period last year.
August 04, 2023 | 10:19 am
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POSITIVE IMPACT
SolarEdge Technologies reported better than expected Q2 earnings and sales, indicating strong performance.
SolarEdge Technologies reported Q2 earnings and sales that beat analyst estimates, which is likely to positively impact the stock price in the short term. The significant YoY increase in earnings and sales indicates strong performance and growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100