04:36 PM EDT, 07/23/2024 (MT Newswires) -- Enphase Energy ( ENPH ) reported Q2 non-GAAP earnings late Tuesday of $0.43 per diluted share, down from $1.47 a year earlier.

Analysts surveyed by Capital IQ expected $0.48.

Revenue for the quarter ended June 30 was $303.5 million, down from $711.1 million a year earlier.

Analysts surveyed by Capital IQ expected $309.6 million.

The company said it expects Q3 revenue of $370 million to $410 million. Analysts surveyed by Capital IQ expect $408.4 million.

Shares of the company increased nearly 5% in after-hours activity.

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