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Feb 21, 06:34 PM
Caesars Entertainment Inc. and SolarEdge Technologies Inc. Report Q4 Earnings Misses and Stock Plunge
Economics
Business

Caesars Entertainment Inc. and SolarEdge Technologies Inc. Report Q4 Earnings Misses and Stock Plunge

Authors
  • CNBC
  • Yahoo Finance
  • Market Rebellion
5

Caesars Entertainment Inc. ($CZR) reports Q4 earnings with sales of $2.83B missing estimates of $2.85B and EPS of $(0.34) missing $(0.07) estimates. Shares remain flat around $41.40 in after-hours trading. SolarEdge Technologies Inc. ($SEDG) experiences a significant drop in stock price with quarterly sales of $316 million missing estimates, leading to a decrease of 64.52% compared to the same period last year. Goldman Sachs reiterates a sell rating on SEDG due to mixed earnings results. SolarEdge stock plunges by 18% in pre-market trading due to sales and outlook falling short of estimates, and faces challenges in the residential solar market that might delay recovery until 2025.

Written with ChatGPT (GPT-3).

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