Enphase Energy (ENPH) Lags Q1 Earnings and Revenue Estimates

Enphase Energy (ENPH) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this solar technology company would post earnings of $0.54 per share when it actually produced earnings of $0.54, delivering no surprise.Over the last four quarters, the ...