Skip to main content

Nextracker: Fiscal Q3 Earnings Snapshot

FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Nextracker Inc. (NXT) on Tuesday reported fiscal third-quarter net income of $131.2 million.

On a per-share basis, the Fremont, California-based company said it had profit of 85 cents. Earnings, adjusted for stock option expense and amortization costs, were $1.10 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.

The solar energy equipment supplier posted revenue of $909.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $814.6 million.

Nextracker expects full-year earnings in the range of $4.26 to $4.36 per share, with revenue in the range of $3.43 billion to $3.5 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NXT at https://www.zacks.com/ap/NXT

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related News

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary