Enphase Energy Stock Rises as Q3 Revenue Outlook Meets Analysts' Views

Dow Jones07-24

Shares of Enphase Energy (ENPH) were up in after-hours trading after the energy-technology company forecast third-quarter revenue equivalent to analyst estimates, despite missing on second-quarter results.

The company's stock rose 5.1% to $108.95, after hours. It closed the regular session at $103.64, down about 1%.

After the bell Tuesday, Enphase forecast third-quarter revenue of $370 million to $410 million, while analysts expect the number to come in at $404.9 million, according to FactSet.

The company also reported second-quarter earnings of 8 cents a share on revenue of $303.5 million, down from $1.09 a share and $711.1 million a year ago and below the 10 cents a share and $308.9 million analysts had estimated, according to FactSet.

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