Array Technologies’ Q3 Revenue Dips 34% YoY, Hit by Lower Solar Tracker Sales
The adjusted EPS of $0.17 surpassed analyst estimates by $0.03
November 12, 2024
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U.S.-based solar tracker company Array Technologies reported adjusted earnings per share (EPS) of $0.17 in the third quarter (Q3) of 2024, beating analyst estimates by $0.03. However, the revenue of $231.41 million missed expectations by $1.48 million, marking a 34% decline compared to the same period last year, affected by lower volumes and average selling price (ASP) decline.