Shares of solar supplier SolarEdge Technologies Inc (NASDAQ: SEDG) jumped as much as 12% on Wednesday after the company reported earnings. At 12:30 p.m. EDT shares had fallen slightly, but were still up 10.4% on the day.
Revenue fell 8.1% to $115.1 million and net income dropped 31.8% to $14.2 million, or $0.36 per share on a non-GAAP (generally accepted accounting principles) basis. Analysts were only expecting earnings of $0.30 per share and revenue of $114.2 million.
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