Enphase Energy (ENPH) Q1 Earnings Miss, Revenues Down Y/Y
ENPHEnphase(ENPH) Zacks Investment Research·2024-04-24 22:40

Enphase Energy, Inc. (ENPH) reported first-quarter 2024 adjusted earnings of 35 cents per share, highlighting a 74.5% decline from 1.37reportedintheprior−yearquarter.ThebottomlinealsolaggedtheZacksConsensusEstimateof42centspershareby16.71.37 reported in the prior-year quarter. The bottom line also lagged the Zacks Consensus Estimate of 42 cents per share by 16.7%. Including one-time adjustments, the company posted a GAAP loss of 12 cents per share, which significantly deteriorated from the year-ago quarter’s earnings of 1.02. Revenues Enphase Energy’s first-quarter revenues of $263.3 million missed the Zacks ...