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SolarEdge Technologies Swings to Q2 Adjusted Earnings, Revenue Increases; Q3 Revenue Guidance Set

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SolarEdge Technologies (SEDG) reported Q2 non-GAAP earnings Wednesday of $0.05 per diluted, compared with an adjusted loss of $0.81 a year ago.

Two analysts polled by FactSet expected an adjusted loss of $0.27.

Revenue for the quarter ended June 30 was $346.2 million, up from $289.4 million a year earlier.

Analysts expected $341.1 million.

SolarEdge said it expects Q3 revenue in the range of $310 million to $340 million. Analysts are expecting $368.1 million.

Shares of the company fell more than 17% in recent premarket activity Wednesday.

Price: $40.40, Change: $-8.36, Percent Change: -17.15%

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