Enphase Energy beats Q2 operating profit estimates fueled by US recovery
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Enphase Energy, a solar inverter maker, exceeded analysts' expectations for Q2 operating profit due to a recovery in demand in the United States. The company's adjusted net operating income was $61.1 million, surpassing the average estimate of $37.8 million. The US market saw a 32% increase in second-quarter revenue, while Europe remained flat. Enphase forecasted third-quarter revenue between $370.0 million and $410.0 million.
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