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Enphase's ‘good enough' quarter pushes stock 14% higher
EnphaseEnphase(US:ENPH) Market Watch·2024-02-07 06:38

Enphase Energy Inc. shares jumped more than 14% in the extended session Tuesday after the alternative-energy company presented investors with a mixed quarter, but one that soothed more immediate concerns about the ailing sector. Enphase ENPH, +2.77% earned 21million,or15centsashare,inthefourthquarterof2023,comparedwith21 million, or 15 cents a share, in the fourth quarter of 2023, compared with 154 million, or 1.06ashare,intheyearagoquarter.Adjustedforonetimeitems,thecompanyearned54centsashare.Revenuedropped581.06 a share, in the year-ago quarter. Adjusted for one-time items, the company earned 54 cents a share. Revenue dropped 58% to 302.6 million, from $724 ...