Array Technologies: Q1 Earnings Insights

Array Technologies ARRY reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Array Technologies beat estimated earnings by 733.33%, reporting an EPS of $0.25 versus an estimate of $0.03.

Revenue was up $76.18 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 4.81% increase in the share price the next day.

Here's a look at Array Technologies's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate 0.08 0.10 0.03 -0.06 -0.03
EPS Actual 0.10 0.18 0.09 -0.02 -0.06
Revenue Estimate 366.77M 399.35M 336.93M 271.60M 213.82M
Revenue Actual 402.07M 515.02M 424.93M 300.59M 219.88M

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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