Vivint Solar Posts Q1 Adj. Loss Per Share Of $0.57 - Quick Facts

(RTTNews) - Vivint Solar (VSLR) reported first quarter net income to shareholders of $12.2 million or $0.11 per share, compared to $7.0 million or $0.09 per share, prior year. Loss from Operations was $48.7 million compared to $29.9 million in the same period of 2014. Adjusted loss per share was $0.57, for the quarter.

On average, six analysts polled by Thomson Reuters expected the company to report a loss per share of $0.38 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $9.55 million from $3.51 million last year. Analysts expected revenue of $8.06 million for the quarter. MW Booked was approximately 50 MWs for the quarter, up 90% year-over-year.

For the second quarter of 2015, the company expects: MW Installed: 63 to 67 MWs; Total Revenue: $14 - $15 million. Analysts expect the company to report second quarter revenue of $17.12 million.

For the full year 2015, the company reiterated previous guidance: MW Installed: 290 - 310 MWs.