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Enphase grows Q4'18 net income, misses consensus

Feb 28, 2019 - SNL Energy Finance Daily

Enphase Energy Inc. on Feb. 26 reported fourth-quarter 2018 non-GAAP net income of $5.09 million or 4 cents per share, compared to non-GAAP net income of $683,000 or 1 cent per share in the same period of 2018.

The S&P Global Market Intelligence consensus normalized EPS estimate for the fourth quarter of 2018 was 6 cents per share.

Non-GAAP operating income improved to $8.6 million in the most recent quarter, from $1.3 million a year ago.

On a GAAP basis, the company swung to p...