SolarEdge Technologies Q2 2024 Adj. EPS $(1.79) Misses $(1.58) Estimate, Sales $265.405M Beat $262.269M Estimate
Portfolio Pulse from Benzinga Newsdesk
SolarEdge Technologies (NASDAQ:SEDG) reported Q2 2024 adjusted EPS of $(1.79), missing the $(1.58) estimate, while sales of $265.405M beat the $262.269M estimate. Sales decreased by 73.23% compared to the same period last year.
August 07, 2024 | 9:21 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
SolarEdge Technologies reported a Q2 2024 adjusted EPS of $(1.79), missing the $(1.58) estimate, while sales of $265.405M beat the $262.269M estimate. Sales decreased by 73.23% compared to the same period last year.
The significant miss on EPS and the substantial year-over-year decline in sales are likely to negatively impact investor sentiment and the stock price in the short term, despite the slight beat on sales estimates.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100