Shares of Enphase Power Inc. dropped greater than 15% within the prolonged session Tuesday after the vitality expertise firm reported first-quarter earnings that beat Wall Avenue expectations however known as for lower-than-expected income within the present quarter.
Enphase ENPH earned $146.9 million, or $1.02 a share, within the first quarter, in contrast with $52 million, or 37 cents a share, within the year-ago interval. Adjusted for one-time gadgets, the corporate earned $1.37 a share.
Income…
