SolarCity Down After Wider-than-expected Q4 Loss

SolarCity Corp. reported late Wednesday a loss of $141.4 million in the fourth quarter, or 4 cents a share, compared with earnings of 28 cents a share a year ago. Adjusted for one-time items, the solar installer reported a loss of $1.33 a share. Analysts had expected an adjusted loss of $1.27 a share for the quarter, according to FactSet. The company reported fourth-quarter sales of $71.8 million, in line with Wall Street expectations and compared with $43.7 million a year ago. The company said it added 21,318 new customers in the fourth quarter and 96,659 in all of 2014. Shares lost 4.6% in after-hours trading.