Enlight Renewable Energy Ltd (ENLT) revealed earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $101.80 million, or $0.75 per share. This compares with $24.48 million, or $0.14 per share, last year.
Analysts on average had expected the company to earn $0.61 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 38.7% to $129.86 million from $93.66 million last year.
Enlight Renewable Energy Ltd earnings at a glance (GAAP) :
-Earnings: $101.80 Mln. vs. $24.48 Mln. last year.-EPS: $0.75 vs. $0.14 last year.-Revenue: $129.86 Mln vs. $93.66 Mln last year.
-Guidance:Full year revenue guidance: $490 Mln - $510 Mln
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