Solaredge Q3 2023 Adj. EPS $(0.55) Vs $0.91 YoY, Revenue $725.3M Misses $768.376M Estimate
Portfolio Pulse from Benzinga Newsdesk
Solaredge reported Q3 2023 adjusted EPS of $(0.55), a significant drop from $0.91 YoY. The company's revenue of $725.3M also missed the estimate of $768.376M.
November 01, 2023 | 8:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Solaredge's Q3 2023 results were disappointing with a significant drop in adjusted EPS and missed revenue estimates.
Solaredge's Q3 2023 results were significantly below expectations, with a drop in adjusted EPS from $0.91 YoY to $(0.55) and revenue missing the estimate by over $40M. This could negatively impact investor sentiment and the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100