SolarEdge Technologies Q4 2023 Adj EPS $(0.92) Beats $(1.33) Estimate, Sales $316.00M Miss $323.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
SolarEdge Technologies (SEDG) reported Q4 2023 adjusted EPS of $(0.92), surpassing the $(1.33) estimate, but its sales of $316.00M fell short of the $323.30M forecast. This represents a 64.52% decrease in sales compared to the same period last year.
February 20, 2024 | 9:07 pm
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SolarEdge Technologies reported better-than-expected Q4 2023 EPS but missed sales estimates, with a significant year-over-year sales decrease.
While the EPS beat may provide a short-term positive sentiment, the miss on sales forecasts and the substantial decrease in sales compared to the previous year could raise concerns about growth and operational efficiency, potentially balancing out the stock's short-term outlook.
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