FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Enphase Energy Inc. (ENPH) on Tuesday reported first-quarter net income of $146.9 million.
On a per-share basis, the Fremont, California-based company said it had profit of $1.02. Earnings, adjusted for one-time gains and costs, were $1.37 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The solar technology company posted revenue of $726 million in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $723.4 million.
For the current quarter ending in June, Enphase Energy said it expects revenue in the range of $700 million to $750 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
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