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Vivint Solar beats 4Q profit forecasts

LEHI, Utah (AP) _ Vivint Solar Inc. (VSLR) on Thursday reported fourth-quarter net income of $20.1 million, after reporting a loss in the same period a year earlier.

The Lehi, Utah-based company said it had profit of 18 cents per share. Losses, adjusted for non-recurring gains, came to 41 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The residential solar energy system company posted revenue of $41.8 million in the period.

For the year, the company reported profit of $18 million, or 16 cents per share. Revenue was reported as $135.2 million.

In the final minutes of trading on Thursday, the company's shares hit $2.75. A year ago, they were trading at $3.62.


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


Keywords: Vivint Solar, Earnings Report