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Enphase Energy Q1 Earnings: Revenue, EPS Come In Below Estimates Amid 'Softening' US Demand
Enphase Energy Inc (NASDAQ:ENPH) reported financial results for the first quarter after the market close on Tuesday.
Here’s a rundown of the energy company’s quarterly results and a look at what’s driving shares lower after hours.
Q1 Earnings: Enphase Energy reported first-quarter revenue of $263.3 million, which missed the consensus estimate of $281.95 million, according to Benzinga Pro. The company reported adjusted earnings of 35 cents per share, which missed analyst estimates of 40 cents per share.
U.S. revenue was down approximately ...