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SolarCity Shares Are Down After Announcing Q4 Results

Sam RoMar 19, 2014, 01:54 IST

The NASDAQ OMX Group, Inc.

SolarCity just reported its Q4 financial results, and at first glance the numbers don't look good.

The company reported an adjusted loss of $0.46 per share. This was actually narrower than the $0.58 expected by analysts.

This was on revenue of $47.3 million, which was higher than the $45.1 million expected.

Guidance, however, was a bit weaker than expected. Management expected to report a Q1 loss of $0.70-$0.80 per share. Analysts were looking for a $0.50 per share loss.

Last month, management announced it would be delaying this earnings announcement due to accounting related delays.

The stock is down by around 1% in after-hours trading.