SolarCity Q2 Outlook Misses, Q1 Beats But Loss Widens
SolarCity late Tuesday gave Q2 guidance that missed Wall Street views on the top and bottom lines, but Q1 results beat expectations. The No. 1 U.S. residential solar installer reported a Q1 per-share loss of $1.52 excluding items, compared with an 82-cent loss in the year-earlier quarter. Revenue rose 6% to $67.5 million. Analysts polled by Thomson Reuters forecast a per-share loss of $1.58 ex items on $57.7 million in revenue. For Q2, SolarCity