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SunPower Q3 Results Top Estimates; Stock Up 13%
(RTTNews) - 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.
Excluding items, adjusted net income from continuing operations for the quarter was $0.13 per share, compared to $0.12 per share last year.
Total revenue for the quarter soared to $475.71 million from $283.31 million in the same quarter last year. Adjusted revenue was $469.82 million.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.08 per share on revenues of $428.0 million for the quarter. Analysts' estimates typically exclude special items.
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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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604天前
SunPower Says Q2 Preliminary Revenue Down 11% To $464 Mln
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.
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820天前
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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904天前
Sensex, Nifty Give Up Sharp Early Gains
Indian shares closed higher on Thursday after reports suggested that India and the United States are close to finalizing a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15-16 percent from the current average of 50 percent.
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11分鐘前
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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29分鐘前
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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1小時23分鐘前
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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2小時3分鐘前
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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2小時32分鐘前
