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Enphase Energy: 2Q Earnings Snapshot

July 31, 2018

PETALUMA, Calif. (AP) _ Enphase Energy Inc. (ENPH) on Tuesday reported a loss of $3.7 million in its second quarter.

The Petaluma, California-based company said it had a loss of 4 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 2 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The solar technology company posted revenue of $75.9 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $77.2 million.

For the current quarter ending in October, Enphase Energy said it expects revenue in the range of $76 million to $82 million.

Enphase Energy shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.95, rising sixfold in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ENPH at https://www.zacks.com/ap/ENPH

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