NCI - Enphase Energy Reports Weak Results Joins Lithia Motors And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session | Benzinga
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining over 70 points on Wednesday.
Shares of Enphase Energy, Inc. (NASDAQ:ENPH) fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter financial results and issued second-quarter revenue guidance below estimates.
Enphase Energy reported first-quarter revenue of $263.3 million, which missed the consensus estimate of $281.95 million, according to Benzinga Pro. The company reported adjusted earnings of 35 cents per share, which missed analyst estimates of 40 cents per share.
Enphase saw second-quarter revenue in the range of $290 million to $330 ...