India, May 14 -- Nextracker Inc. (NXT) announced a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $158 million, or $1.05 per share. This compares with $223 million, or $1.51 per share, last year.
Excluding items, Nextracker Inc. reported adjusted earnings of $193 million or $1.29 per share for the period.
Analysts on average had expected the company to earn $0.98 per share. Analysts' estimates typically exclude special items.
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The company's revenue for the period rose 25.5% to $924.342 million from $736.515 million last year.
Nextracker Inc. earnings at a glance (...