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SunPower Says Q2 Preliminary Revenue Down 11% To $464 Mln
(RTTNews) - While providing preliminary unaudited financial results for the second quarter on Wednesday, SunPower Corp. (SPWR) reported a net loss of $30 million on revenues of $464 million, up 11 percent year-over-year. Customer growth was of 20,400 new customers.
"Demand in the second quarter has weakened more than expected in the Southeast and Southwest where macroeconomic uncertainty and higher interest rates have slowed our top-of-funnel lead generation and sales bookings," said Peter Faricy, SunPower CEO.
Looking ahead to fiscal 2023, the company reduced guidance for net loss to a range of $90 million to $70 million.
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SunPower CEO Peter Faricy Departs
SunPower Corp. (SPWR), a residential solar technology and energy services provider,?announced Tuesday that Chief Executive Officer Peter Faricy has departed the Company, effective February 26, 2024. The Board is conducting a comprehensive search process to identify a permanent CEO.
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SunPower Q1 Adj. Loss Misses Estimates
SunPower Corp. (SPWR) announced Tuesday that net loss attributable to stockholders for the first quarter was $50.68 million or $0.29 per share, wider than net loss of $27.87 million or $0.16 per share in the prior-year quarter.
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SunPower Q3 Results Top Estimates; Stock Up 13%
SunPower Corp. (SPWR) announced Tuesday that net income attributable to stockholders for the third quarter was $139.41 million or $0.74 per share, compared to a net loss of $84.38 million or $0.49 per share in the prior-year quarter.
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Před 1080 dny
DAX Drifts Lower As Investors React To Results, Geopolitical News
The German market is showing weakness on Thursday, as investors remain cautious, reacting to a slew of earnings announcements, and continuing to watch the developments on U.S.-China trade front, as well as news from the geopolitical front.
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Před 15 minutami
European Shares Mixed Amid Earnings Deluge
European shares were mixed on Thursday as investors digested a wave of corporate earnings and watched trade developments between the United States and China.
Meanwhile, EU countries today formally adopted a 19th package of sanctions against Russia for its war against Ukraine that includes a ban on Russian liquefied natural gas imports.
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Před 1 h 9 min
Asian Shares Mixed In Cautious Trade As US-China Tensions Weigh
Asian stocks turned in a mixed performance on Thursday, with rising tensions between the United States and China, and mixed earnings, including a sharp drop in Tesla's profit, keeping investors on edge.
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Před 1 h 49 min
Yen Falls After Takaichi Elected As Japan PM
The Japanese yen weakened against other major currencies in the Asian session on Thursday, as traders expect that the incoming prime minister, Sanae Takaichi, would support accommodating monetary policy and pursue expansionary fiscal policies.
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Před 2 h 17 min
Bank Of Korea Holds Rate At 2.50%
The Bank of Korea retained its interest rate on Thursday as inflation remained stable and economic growth continued to improve amid rising concerns over the heated property market. The Monetary Policy Board of the Bank of Korea decided to leave the Base Rate unchanged at 2.50 percent. The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
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Před 3 h 6 min
