Shoals Technologies: Q2 Earnings Snapshot

PORTLAND, Tenn. (AP) — PORTLAND, Tenn. (AP) — Shoals Technologies Group Inc. (SHLS) on Tuesday reported second-quarter earnings of $18.9 million.

The Portland, Tennessee-based company said it had net income of 11 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 14 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The solar energy equipment supplier posted revenue of $119.2 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $111.9 million.

Shoals Technologies expects full-year revenue in the range of $480 million to $510 million.

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