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Shares of Enphase Energy Inc. dropped much more than 16% in the extended session Tuesday right after the strength technology corporation reported first-quarter earnings that beat Wall Road expectations but called for decreased-than-anticipated income in the present-day quarter.
Enphase ENPH earned $146.9 million, or $1.02 a share, in the very first quarter, when compared with $52 million, or 37 cents a share, in the calendar year-back period. Modified for 1-time goods, the firm earned $1.37 a share.
Revenue…
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