Enphase Energy (ENPH) Q2 Earnings Miss, Revenues Down Y/Y
ENPHEnphase(ENPH) ZACKS·2024-07-24 23:35

Enphase Energy, Inc. (ENPH) reported second-quarter 2024 adjusted earnings of 43 cents per share, highlighting a 70.7% decline from 1.47reportedintheprior−yearquarter.ThebottomlinealsolaggedtheZacksConsensusEstimateof49centspershareby12.21.47 reported in the prior-year quarter. The bottom line also lagged the Zacks Consensus Estimate of 49 cents per share by 12.2%.Including one-time adjustments, the company posted GAAP earnings of 8 cents per share, which significantly deteriorated from the year-ago quarter’s earnings of 1.09.The year-over-year deterioration can be attributed to a double-digit decline in seco ...