PORTLAND, Tenn. (AP) _ Shoals Technologies Group Inc. (SHLS) on Monday reported first-quarter net income of $2.6 million.

On a per-share basis, the Portland, Tennessee-based company said it had profit of 2 cents. Earnings, adjusted for one-time gains and costs, came to 5 cents per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The solar energy equipment supplier posted revenue of $68 million in the period, also missing Street forecasts. Seven analysts surveyed by Zacks expected $69.8 million.

Shoals Technologies expects full-year revenue in the range of $300 million to $325 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHLS at https://www.zacks.com/ap/SHLS

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