Enphase Energy: Q4 Earnings Snapshot
By AP News
Published - Feb 07, 2023, 05:54 PM ET
Last Updated - Jun 22, 2023, 10:49 PM EDT
FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Enphase Energy Inc. (ENPH) on Tuesday reported fourth-quarter earnings of $153.8 million.
On a per-share basis, the Fremont, California-based company said it had profit of $1.06. Earnings, adjusted for one-time gains and costs, were $1.51 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The solar technology company posted revenue of $724.7 million in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $704 million.
