Enphase Energy Stock Slides On Q3 Earnings Miss: US Revenue Jumps, European Revenue Falls On 'Further Softening' Demand

Enphase Energy Inc (NASDAQ:ENPH) reported third-quarter financial results on Tuesday that came up short of analyst expectations. Here are the main highlights from the quarter.

Q3 Earnings: Enphase Energy reported third-quarter revenue of $380.9 million, missing the consensus estimate of $391.979 million. The solar company reported adjusted earnings of 65 cents per share, missing analyst estimates of 77 cents per share, according to Benzinga Pro.

U.S. revenue increased approximately 43% on a quarter-over-quarter basis due to higher shipments to distributors. Meanwhile, revenues in Europe fell approximately 15% quarter-over-quarter, driven by a “further softening” in ...