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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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Před 602 dny
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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Před 818 dny
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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Před 902 dny
Swiss Market Ends Marginally Down
Despite staging a recovery in the final hour of the day's trading session, the Switzerland market ended marginally down on Tuesday.
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Před 3 h 6 min
European Stocks Close Mostly Higher
European markets closed mostly higher on Tuesday, supported by gains in defense sector amid renewed concerns about tensions in the Middle East, and a lack of progress in Russia-Ukraine peace efforts. Slightly easing U.S.-China trade tensions, and expectations of a resolution to the government shutdown in the U.S. aided sentiment.
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Před 3 h 29 min
Canadian Stocks Tumble As Falling Metal Prices, Hot Inflation Data Trigger Sell-off
The Canadian market is down sharply on Tuesday after data showing a bigger than expected increase in the nation's consumer price inflation in the month of September curbed bets on an interest rate cut by the Bank of Canada next week.
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Před 4 h 38 min
Bay Street May Open On Subdued Note; CPI Data In Focus
Slightly lower Canadian and U.S. futures, and weak bullion prices point to a negative start for the Canadian market on Tuesday. Investors will also be reacting to Canadian consumer price inflation data.
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Před 9 h 20 min
FTSE 100 Climbs Higher; Segro, HSBC Holdings Post Strong Gains
The FTSE 100 index of the U.K. market is modestly higher on Tuesday with investors picking up stocks ahead of quarterly earnings announcements from big name companies, due from this week. Slightly easing U.S.-China trade tensions appear to be aiding sentiment a bit.
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Před 9 h 47 min
