SolarCity Shares Fall 15% After Wider-than-expected Loss

SolarCity Corp. said Thursday it lost $234 million, or 20 cents a share, in the third quarter, compared with a loss $70 million in the year-ago quarter. The rooftop solar-power installer said its revenue reached $113.9 million in the quarter, up from $58 million a year ago, thanks to "increased installations and high system performance in our seasonally strong" third quarter, the company said. Adjusted for one-time items, SolarCity lost $2.10 a share in the quarter. Analysts polled by FactSet had expected the rooftop solar-power installer to report an adjusted loss of $1.95 a share on sales of $111 million. Shares of SolarCity fell 15% in late trading Thursday after ending the regular trading day down 0.7%.