Array Technologies: Q1 Earnings Insights

Array Technologies (NASDAQ:ARRY) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Array Technologies beat estimated earnings by 733.33%, reporting an EPS of $0.25 versus an estimate of $0.03.

Revenue was up $76.18 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 4.81% increase in the share price the next day.

Here's a look at Array Technologies's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
EPS Estimate	0.08	0.10	0.03	-0.06	-0.03
EPS Actual	0.10	0.18	0.09	-0.02	-0.06
Revenue Estimate	366.77M	399.35M	336.93M	271.60M	213.82M
Revenue Actual	402.07M	515.02M	424.93M	300.59M	219.88M

To track all earnings releases for Array Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.