Shares of Sunrun Inc. RUN were up 9% in after-hours trading Wednesday after the provider of solar-energy services missed revenue expectations for the second quarter but delivered a surprise profit. The company posted net income of $55.5 million, or 25 cents a share, whereas it posted a loss of $12.4 million, or 6 cents a share, in the year-prior period. Analysts tracked by FactSet were expecting a 24-cent loss per share. Revenue rose to $590.2 million from $584.
RUN were up 9% in after-hours trading Wednesday after the provider of solar-energy services missed revenue expectations for the second quarter but delivered a surprise profit. The company posted net income of $55.5 million, or 25 cents a share, whereas it posted a loss of $12.4 million, or 6 cents a share, in the year-prior period. Analysts tracked by FactSet were expecting a 24-cent loss per share. Revenue rose to $590.2 million from $584.6 million, while analysts projected $627.7 million.