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What's Going On With Nextracker Stock After Earnings?
Nextracker Inc.(NASDAQ:NXT) shares are trading higher Wednesday after the company posted better-than-expected fourth-quarter financial results. Here's a look at the key figures from the report.
The Details: Nextracker reported quarterly earnings of 96 cents per share which beat the analyst consensus estimate of 78 cents by 23.08%.
Quarterly sales clocked in at $736.51 million which beat the analyst consensus estimate of $683.43 million by 7.77% and represents a 42.08% increase over sales from the same period last year.
"Fiscal year 2024 was a year of strong execution and significant growth for Nextracker, and we reached a record backlog of over $4 billion that more than tripled in 2 years. We also reached a tremendous milestone being ...