🔴 Array Technologies is trading 5.9% down today after cautious forward revenue guidance

Array Technologies is trading 5.9% down at $5.30 after cautious forward revenue guidance overshadowed a strong second-quarter earnings beat.

• Second-quarter revenue reached $342.1 million versus $313.8 million expected; adjusted EPS was $0.24.
• Next-quarter revenue guidance of $320 million was reportedly 32% below analyst estimates.
• Management raised full-year adjusted EPS and EBITDA guidance and highlighted a record $2.5 billion orderbook.