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Enphase Energy Stock Surges On Q2 Earnings: The Details
Enphase Energy Inc (NASDAQ:ENPH) reported financial results for the second quarter Tuesday after the bell. Here’s a rundown of the report.
Q2 Earnings: Enphase Energy reported second-quarter revenue of $303.46 million, missing the consensus estimate of $309.67 million, according to Benzinga Pro. The company reported adjusted earnings of 43 cents per share, missing analyst estimates of 48 cents per share.
U.S. revenue increased approximately 32% on a quarter-over-quarter basis, while revenues in Europe remained flat during the quarter. Enphase noted its global channel inventory returned to ...