SolarEdge Technologies Q3 Loss Wider Than Expected, Revenues Decline Y/Y

SolarEdge Technologies, Inc. (SEDG) reported a third-quarter 2024 adjusted loss of $15.33 per share, wider than the Zacks Consensus Estimate of a loss of$1.55. The bottom line also deteriorated from the prior-year quarter’s loss of 55 cents per share.See the Zacks Earnings Calendar to stay ahead of market-making news.Barring one-time adjustments, the company incurred a GAAP loss of $21.13 per share compared with the GAAP loss of$1.08 per share in the year-ago period.The year-over-year deterioration in the ...