SolarEdge Technologies, Inc. (SEDG) shares are gaining more than 10 percent on Thursday morning trade as the company reported an increase in profit for the third quarter.
Currently, the shares are at $228.97, up 10.63 percent from the previous close of $206.56 on a volume of 1,070,638.
For the quarter, the smart energy technology company's earnings increased to $43.75 million or $0.83 per share from $41.63 million or $0.81 per share in the prior year. Adjusted earnings per share were $1.21 per share. Wall Street analysts were looking for earnings of $0.14 per share on revenue of $358.83 million.
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