Enphase Energy Q3 Adj. EPS $0.41 Misses $0.51 Estimate, Sales $293.329M Miss $304.042M Estimate

Enphase Energy (NASDAQ:ENPH) reported quarterly earnings of $0.41 per share which missed the analyst consensus estimate of $0.51 by 19.61 percent. This is a 54.44 percent decrease over earnings of $0.90 per share from the same period last year. The company reported quarterly sales of $293.329 million which missed the analyst consensus estimate of $304.042 million by 3.52 percent. This is a 28.53 percent decrease over sales of $410.427 million the same period last year.