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Actionable news in SCTY: SolarCity Corporation,

SolarCity Shares Rocked by Big Loss, Worse Guidance

SolarCity Corp. (NASDAQ: SCTY) reported third quarter 2015 results after markets closed Thursday afternoon. For the quarter, the solar PV installer posted an adjusted diluted net loss per share of $2.10 on revenues of $113.86 million. In the same period a year ago, the company reported a net loss per share of $0.75 on revenues of $58.34 million. Third-quarter results compare to the Thomson Reuters consensus estimates for a loss per share of $1.95 on revenues of $111.43 million.

For the fourth quarter the solar company expects revenues of $70 to $76 million in its operating lease and solar energy systems division, an increase of 48% year-over-year for the quarter. Solar...


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