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Why Investors Didn't Love Enphase's Earnings

·2 min read
Why Investors Didn't Love Enphase's Earnings
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Shares of Enphase Energy (NASDAQ: ENPH) are rising today, up by 2.6% as of 12:25 p.m. EDT, which was actually a pretty modest gain considering the size of the earnings beat this solar microinverter maker just delivered. Heading into Enphase's second-quarter report, analysts had predicted that the company would earn only $0.43 per share (pro forma) on sales of $311 million. As it turned out, Enphase beat on both the top and bottom lines, with sales of $316 million and $0.53 per share in profits.