FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Enphase Energy Inc. (ENPH) on Tuesday reported third-quarter net income of $23.4 million.
The Fremont, California-based company said it had profit of 17 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 41 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The solar technology company posted revenue of $293.3 million in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $303.7 million.
For the current quarter ending in December, Enphase Energy said it expects revenue in the range of $225 million to $255 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ENPH at https://www.zacks.com/ap/ENPH
