AP NEWS
Click to copy
Click to copy

Sunrun: 2Q Earnings Snapshot

August 7, 2019

SAN FRANCISCO (AP) _ Sunrun Inc. (RUN) on Wednesday reported a second-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Francisco-based company said it had a loss of 1 cent.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The solar energy products distributor posted revenue of $204.6 million in the period.

Sunrun shares have risen 83% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.98, a climb of 43% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RUN at https://www.zacks.com/ap/RUN

All contents © copyright 2019 The Associated Press. All rights reserved.