Enphase Energy (ENPH) Misses Q1 EPS by 2c, Offers Guidance

Enphase Energy (NASDAQ: ENPH) reported Q1 EPS of ($0.15), $0.02 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $57.6 million versus the consensus estimate of $55.6 million.

Enphase Energy sees FY2014 revenue of $69-73 million, versus the consensus of $68.52 million.

Business Outlook

"Building on this strong business momentum, we expect revenues for the second quarter of 2014 to be within a range of $69 million to $73 million. At the midpoint of the revenue outlook range, revenue would be up 22 percent compared to the second quarter of 2013," stated Mr. Sennesael. "We expect gross margin to be within a range of 30 percent to 33 percent. We also expect non-GAAP operating expenses for the second quarter of 2014 to be up approximately 2 percent to 5 percent compared to the first quarter of 2014, as we continue to invest to accelerate growth."

For earnings history and earnings-related data on Enphase Energy (ENPH) click here.

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