Sunrun Inc. (RUN - Free Report) reported first-quarter 2019 loss of 12 cents per share against the Zacks Consensus Estimate of earnings of 32 cents. The bottom line also deteriorated from the year-ago quarter’s earnings of 25 cents.
Sunrun’s revenues of $194.5 million in the quarter surpassed the Zacks Consensus Estimate of $152.9 million by 27.2%. Revenues also surged 34.7% from the year-ago quarter’s $144.4 million.
Total operating expenses were $238.7 million in the first quarter, which increased 19% year over year. Operating expenses in the reported quarter increased on escalated costs of customer agreements and incentives, high costs of solar energy systems and product sales, increased sales and marketing costs, and elevated research and development expenses.
Interest expenses were $41.3 million, up approximately 46.6% on a year-over-year basis.
Total cost of revenues was $147.3 million that witnessed an increase of 24% year over year.
Sunrun Inc. Price, Consensus and EPS Surprise