Array Technologies Q1 Adj. EPS Shy of Consensus as Revenue Dips
04:55 PM EDT, 05/11/2021 (MT Newswires) -- Array Technologies (ARRY) on Tuesday reported Q1 adjusted net income of $0.19 per share, compared with $0.69 per share in the year-ago quarter.
Analysts polled by Capital IQ were expecting EPS of $0.20.
Revenue for the quarter ended Mar. 31 was $245.9 million, compared with $437.7 million in the year-ago period.
Analysts were expecting revenue of $238.86 million.
Shares were down about 10% in the after-hours session.
Price: 22.49, Change: -2.46, Percent Change: -9.86