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Array Technologies Q1 Adj. EPS Shy of Consensus as Revenue Dips

05/11/2021 13:06

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