SunPower Q3 Results Top Estimates; Stock Up 13%

RTTNews | 1079 dias atrás
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 CEO Peter Faricy Departs

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SunPower Says Q2 Preliminary Revenue Down 11% To $464 Mln

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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The Switzerland market edged down marginally on Wednesday after a cautious session, as investors looked for directional clues.
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Major European Markets Close Weak; UK Market Outperforms

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Bay Street Likely To Open On Mixed Note

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Canadian stocks may open on a mixed note on Wednesday, tracking commodity prices and quarterly earnings announcements. The mood is likely to remain cautious amid tariff concerns, and uncertainty about the outlook for interest rate cuts next week.
RTTNews | 9 h 47 min atrás