SolarEdge (SEDG) Q4 Earnings Top Estimates, Revenues Fall Y/Y

Shares of SolarEdge Technologies, Inc. (SEDG) lost 12.1% to reach $74.14 on Feb 21, following the company’s latest financial report release.  It reported a fourth-quarter 2023 adjusted loss of 92 cents per share, narrower than the Zacks Consensus Estimate of loss of $1.47. The bottom line deteriorated from the prior-year quarter’s reported earnings of $2.86 per share.Barring one-time adjustments, the company recorded a GAAP loss of $2.85 per share against earnings of 36 cents recorded in the year-ago period ...