NEW YORK (TheStreet) -- Shares of Vivint Solar (VSLR) were falling 7.1% to $13.91 after-hours Tuesday after the solar power company missed analysts' estimates for earnings in the first quarter and guided below estimates for the second quarter.
Vivint Solar reported a loss of 57 cents a share for the first quarter, missing analysts' estimates of a loss of 38 cents a share for the quarter. Revenue grew 172.6% year over year to $9.54 million, above analysts' estimates of $8.06 million.
To company said it installed 46 MW worth of solar cells in the first quarter, a 131% increase from the year-ago quarter. Vivint Solar expects to install 63 MW to 67 MW worth of solar cells in the second quarter.
Vivint Solar said it expects to report revenue of $14 million to $15 million for the second quarter, below analysts' estimates of $17.12 million for the quarter.