Enphase Energy: Q2 Earnings Snapshot

FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Enphase Energy Inc. (ENPH) on Thursday reported second-quarter net income of $157.2 million.

On a per-share basis, the Fremont, California-based company said it had profit of $1.09. Earnings, adjusted for one-time gains and costs, were $1.47 per share.

The results surpassed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The solar technology company posted revenue of $711.1 million in the period, missing Street forecasts. Fourteen analysts surveyed by Zacks expected $726.9 million.

For the current quarter ending in September, Enphase Energy said it expects revenue in the range of $550 million to $600 million.

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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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