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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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603 days ago
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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819 days ago
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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903 days ago
DAX Advances In Cautious Trade
After a weak start and a subsequent recovery that briefly lifted it slightly above the flat line, the German stock market retreated and slipped into negative territory Wednesday morning amid cautious moves by investors due to a lack of progress in Ukraine peace talks and a disappoint earnings update from Netflix.
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16 minutes ago
European Shares Mostly Lower; FTSE 100 Bucks Trend On Soft Inflation Data
European shares were mixed on Wednesday as investors digested a flurry of corporate earnings and closely watched the latest trade developments between the United States and China.
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35 minutes ago
Asian Shares Retreat As US-China Tensions Weigh
Asian stocks retreated on Wednesday, with renewed U.S.-China trade tensions and mixed U.S. earnings keeping investors on edge.
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1h 0min ago
European Shares Seen Tad Lower At Open
European stocks are seen opening a tad lower on Wednesday as Ukraine war discussions remain stalled and Netflix earnings disappointed.
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4h 11min ago
European Economic News Preview: UK Inflation Data Due
Inflation from the UK is the major economic news due on Wednesday on an otherwise light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for September. Inflation is forecast to ease to 3.8 percent from 4.0 percent in August.
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4h 34min ago
