Investing.com - Enphase reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Enphase announced earnings per share of $1.25 on revenue of $634.70. Analysts polled by Investing.com anticipated EPS of $1.09 on revenue of $614.49M.
Enphase shares are up 22.07% from the beginning of the year , still down 18.24% from its 52 week high of $324.84 set on Thursday, September 8, 2022.
Enphase shares gained 5.43% in after-hours trade the report.
Enphase follows other major Information Technology sector earnings this month
Enphase's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
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