=SolarEdge Technologies (SEDG) reported earnings on Tue 14 Feb 2017 (a/h)

SolarEdge Technologies beats by $0.03, misses on revs; guides Q3 revs above consensus  :

• Reports Q2 (Dec) earnings of $0.32 per share, $0.03 better than the Capital IQ Consensus of $0.29; revenues fell 10.7% year/year to $111.5 mln vs the $114.91 mln Capital IQ Consensus.
  • GAAP gross margin reached 35.0% (Guidance 30-32%)
• Co issues upside guidance for Q3, sees Q3 revs of $110-120 mln vs. $109.31 mln Capital IQ Consensus Estimate.
  • Sees Gross Margin in the range of 31-33%.