The Zacks Consensus Estimate for third-quarter earnings was pegged at $1.17 per share. Barring one-time adjustments, the company posted GAAP earnings of 43 cents per share compared with 96 cents in the year-ago quarter. Revenues SolarEdge's revenues of $836.7 million in the third quarter surpassed the Zacks Consensus Estimate of $826 million by 1.3%. The top line surged 59% from the year-ago quarter's $526.4 million. Revenues from the solar segment were $788.6 million, up 65% from $476.8 million in the prior-year quarter. Operational Highlights SolarEdge shipped a total of 2.7 gigawatts of inverters and 320.7 megawatt-hours of batteries in the reported quarter. The adjusted gross margin contracted by 670 basis points from the prior-year gross margin of 34% to 27.3%. Adjusted operating expenses went up 29% year over year to $108.3 million. The adjusted operating income in the quarter totaled $120.2 million, up 26% from the year-ago quarter's $95.2 million.