SolarEdge Technologies, Inc. (SEDG), Wednesday announced third-quarter financial results, reporting a loss of $50.1 million or $0.84 a share compared to $1,231 million or $21.58 a share last year.
On adjusted basis, loss totaled $18.3 million or $0.31 a share compared to a loss of $899.7 million or $15.78 a share in the previous year.
Analysts, on average, expected a loss of $0.42 a share for the quarter.
Revenues increased to $340.2 million from last year's $235.4 million.
The company anticipates revenues of $310 million to $340 million for the fourth quarter.
Analysts, on average, see revenues of $343.27 million for the next quarter.
Currently, SEDG is climbing 8.69 percent to $34.65 on the Nasdaq.
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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.