Reginal Thomas
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

SolarCity Suffering Two Consecutive Quarters of Losses

SolarCity reported an adjusted loss of $0.46 per share for the fourth quarter. On a positive note the loss is smaller than the $0.58 loss per share wall street analysts were expecting. Revenue also came in higher than expected at $46.3 million compared to the $45.1 million people were betting on. 
For the first quarter management was expecting to report a loss some where in between $0.70-$0.80 per share. Wall street analysts forecasted a loss of $0.50 per share. In February top executives at the company announced they would be delaying the earning report due to accounting related delays.