Categories Earnings, Energy

Enphase Energy (ENPH) Q4 2019 Earnings Snapshot

— Enphase Energy (NASDAQ: ENPH) reported fourth quarter 2019 adjusted earnings of $0.39 per share vs. $0.33 expected.

— Revenue more than doubled to $210 million vs. $205.27 million expected.

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Photo by Mariana Proença on Unsplash

— GAAP net income was $116.7 million or $0.88 per share vs. $709,000 or $0.01 in the prior-year quarter.

— For the first quarter of 2020, Enphase expects revenue to be in the range of $200 million to $210 million.

— ENPH stock rose about 7% immediately after the earnings announcement.

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