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Enphase Energy: 3Q Earnings Snapshot

November 7, 2018

PETALUMA, Calif. (AP) _ Enphase Energy Inc. (ENPH) on Tuesday reported a loss of $3.5 million in its third quarter.

The Petaluma, California-based company said it had a loss of 3 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 4 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.

The solar technology company posted revenue of $78 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $79.3 million.

For the current quarter ending in December, Enphase Energy said it expects revenue in the range of $80 million to $90 million.

Enphase Energy shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.15, more than tripling 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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