Enphase Energy (ENPH) Q1 Earnings Miss, Revenues Down Y/Y

Enphase Energy, Inc. (ENPH) reported first-quarter 2024 adjusted earnings of 35 cents per share, highlighting a 74.5% decline from $1.37 reported in the prior-year quarter. The bottom line also lagged the Zacks Consensus Estimate of 42 cents per share by 16.7%.Including one-time adjustments, the company posted a GAAP loss of 12 cents per share, which significantly deteriorated from the year-ago quarter’s earnings of $1.02.RevenuesEnphase Energy’s first-quarter revenues of $263.3 million missed the Zacks Con ...