: Shoals stock zooms higher after earnings show first quarter with more than $100 million in revenue, increased outlook


Shoals Technologies Inc. SHLS shares jumped more than 10% in after-hours trading Monday, after the company reported a big beat on quarterly earnings and revenue, including topping $100 million in sales for the first time. Shoals, which sells components for solar-energy systems, reported earnings of $14.3 million, or 10 cents a share, on revenue of $105.1 million, up from $68 million a year ago. After adjusting for stock compensation and certain tax effects, the company reported earnings of 14 cents a share, up from 5 cents a share a year ago. Analysts on average had expected adjusted earnings of 9 cents a share on sales…

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