Array Technologies (NASDAQ:ARRY) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Array Technologies beat estimated earnings by 66.67%, reporting an EPS of $-0.02 versus an estimate of $-0.06.
Revenue was up $54.65 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 4.35% increase in the share price the next day.
Here's a look at Array Technologies's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.03 | -0.05 | 0.03 | 0.20 |
| EPS Actual | -0.06 | -0.07 | 0.07 | 0.19 |
| Revenue Estimate | 213.82M | 203.45M | 233.24M | 240.83M |
| Revenue Actual | 219.88M | 192.07M | 202.80M | 245.93M |
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.
