FREMONT (AP). -- FREMONT (AP). -- Nextracker Inc., (NXT), reported earnings of $1.1M for the fiscal fourth quarter on Wednesday.
The company in Fremont, California, reported a profit per share of 2 cents. The adjusted earnings per share, after non-recurring costs were 21 cents.
The results fell short of Wall Street's expectations. Zacks Investment Research surveyed four analysts and the average was 29 cents.
Solar energy equipment provider posted revenue of $518.4 millions in the period. This was higher than Street expectations. Zacks surveyed five analysts who expected revenue of $493.9.
The company made a profit of $1.1million, or $2 per share, for the year. Revenues were reported at $1.9 billion.
Nextracker anticipates earnings per share in the range $1.35 to 1.05. Revenue is expected to range from $2.1 billion to $2.3 billion.
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