04:38 PM EDT, 10/22/2024 (MT Newswires) -- Enphase Energy ( ENPH ) reported Q3 non-GAAP earnings Tuesday of $0.65 per diluted share, down from $1.02 a year earlier.

Analysts polled by Capital IQ expected $0.78.

Revenue for the quarter ended Sept. 30 was $380.9 million, down from $551.1 million a year earlier.

Analysts surveyed by Capital IQ expected $393.9 million.

The company said it expects Q4 revenue between $360 million and $400 million.

Analysts polled by Capital IQ expect $435.2 million.

Shares of Enphase Energy ( ENPH ) were down nearly 8% in after-hours activity.

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