Nextracker Inc. (NXT) announced a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $158 million, or $1.05 per share. This compares with $223 million, or $1.51 per share, last year.
Excluding items, Nextracker Inc. reported adjusted earnings of $193 million or $1.29 per share for the period.
Analysts on average had expected the company to earn $0.98 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 25.5% to $924.342 million from $736.515 million last year.
Nextracker Inc. earnings at a glance (GAAP) :
-Earnings: $158 Mln. vs. $223 Mln. last year.-EPS: $1.05 vs. $1.51 last year.-Revenue: $924.342 Mln vs. $736.515 Mln last year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.