Enphase Energy: Q2 Earnings Snapshot
By AP News
Published - Jul 23, 2024, 04:26 PM ET
Last Updated - Jul 23, 2024, 04:26 PM EDT
FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Enphase Energy Inc. (ENPH) on Tuesday reported second-quarter earnings of $10.8 million.
The Fremont, California-based company said it had net income of 8 cents per share. Earnings, adjusted for one-time gains and costs, came to 43 cents per share.
The results did not meet Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The solar technology company posted revenue of $303.5 million in the period, also missing Street forecasts. Fourteen analysts surveyed by Zacks expected $309.2 million.
