Array Technologies ARRY reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Array Technologies beat estimated earnings by 200.0%, reporting an EPS of $0.09 versus an estimate of $0.03.
Revenue was up $222.13 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 7.23% drop in the share price the next day.
Here's a look at Array Technologies's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.06 | -0.03 | -0.05 | 0.03 |
| EPS Actual | -0.02 | -0.06 | -0.07 | 0.07 |
| Revenue Estimate | 271.60M | 213.82M | 203.45M | 233.24M |
| Revenue Actual | 300.59M | 219.88M | 192.07M | 202.80M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Array Technologies management provided guidance for FY 2022, expecting earnings between $0.25 and $0.35 per share.
To track all earnings releases for Array Technologies visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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