Enphase Energy: Q1 Earnings Snapshot
By AP News
Published - Apr 23, 2024, 04:32 PM ET
Last Updated - May 27, 2024, 01:09 AM EDT
FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Enphase Energy Inc. (ENPH) on Tuesday reported a loss of $16.1 million in its first quarter.
The Fremont, California-based company said it had a loss of 12 cents per share. Earnings, adjusted for one-time gains and costs, were 35 cents per share.
The results fell short of Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The solar technology company posted revenue of $263.3 million in the period, which also fell short of Street forecasts. Fifteen analysts surveyed by Zacks expected $280.1 million.
