Investing.com - SolarEdge Technologies Inc reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SolarEdge Technologies Inc announced earnings per share of $0.91 on revenue of $836.7M. Analysts polled by Investing.com anticipated EPS of $1.47 on revenue of $826.36M.
SolarEdge Technologies Inc shares are down 69% from the beginning of the year and are trading at $226.53 , down-from-52-week-high.
SolarEdge Technologies Inc shares gained 7.21% in after-hours trade following the report.
SolarEdge Technologies Inc follows other major Information Technology sector earnings this month
SolarEdge Technologies Inc's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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