SolarEdge shares are trading lower after the company issued preliminary Q3 revenue results below estimates and lowered its non-GAAP gross margin.
Portfolio Pulse from Benzinga Newsdesk
SolarEdge has issued preliminary Q3 revenue results that are below estimates and has also lowered its non-GAAP gross margin. This has led to a decrease in the company's share price.
October 19, 2023 | 8:22 pm
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SolarEdge's lower than expected Q3 revenue and reduced non-GAAP gross margin have negatively impacted its stock price.
SolarEdge's preliminary Q3 revenue results were below estimates, and the company also lowered its non-GAAP gross margin. These factors have led to a decrease in the company's share price, indicating a negative short-term impact on the stock.
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