Vivint Solar misses by $0.39, beats on revs; guides Q4 revs below consensus (VSLR): Reports Q3 (Sep) loss of $0.66 per share, excluding non-recurring items, $0.39 worse than the Capital IQ Consensus of ($0.27); revenues rose 260.9% year/year to $8.3 mln vs the $7.49 mln consensus.
MW Booked of ~62 MWs for the quarter, up 206% year-over-year. MW Installed of ~49 MWs, up 196% year-over-year. Total cumulative MWs installed were ~178 MWs as of September 30, 2014. Installations were 6,935 for the quarter, up 137% year-over-year. Cumulative installations were 28,856 as of September 30, 2014.
Co issues downside guidance for Q4, sees Q4 revs of $5.5-6.5 mln vs. $7.04 mln Capital IQ Consensus; MW installed 45-47 MWs; op-ex $47-51 mln.