SolarCity Posts Q4 Non-GAAP Loss/shr Of $2.37; Sees Q1 Loss Between $2.55-$2.65

(RTTNews) - SolarCity Corp. (SCTY) reported fourth-quarter net income income to stockholders of $4.6 million or $0.04 per share, compared to a loss of $3.5 million or $0.04 per share, last year. Non-GAAP loss per share was $2.37, for the quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report a loss per share of $2.59 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $115.48 million from $71.81 million, a year ago. Analysts expected revenue of $105.62 million for the quarter.

For first quarter 2016, the company expects non-GAAP loss per share between $2.55 - $2.65. Analysts expect the company to report a loss per share of $2.36 in the first quarter.