SolarCity (SCTY) Misses Q3 EPS by 46c

SolarCity (NASDAQ: SCTY) reported Q3 EPS of ($2.41), $0.46 worse than the analyst estimate of ($1.95). Revenue for the quarter came in at $113.86 million versus the consensus estimate of $111.43 million.

Highlights:

• Record 256 MW Installed for a Cumulative Total of 1.7 GW
• Revenue up 95% Year-over-Year
• $239 Million of Economic Value Creation in Q3
• Cost per Watt Achieves New Record Low of $2.84
• 2016 Guidance for 1.25 GW Installed and Positive Cash Flow by Q4

Investor letter

For earnings history and earnings-related data on SolarCity (SCTY) click here.

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