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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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610 วันที่ผ่านมา
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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910 วันที่ผ่านมา
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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1086 วันที่ผ่านมา
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Wednesday.
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26 นาทีที่ผ่านมา
European Shares Mixed Ahead Of Fed Verdict
European shares were mixed on Wednesday as investors digested a slew of earnings and looked ahead to the Federal Reserve's interest-rate decision later in the day, with a 25-bps cut fully priced in.
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1 ชม. 2 นาทีที่ผ่านมา
Asian Shares Rise Ahead Of Fed Decision
Asian stocks rose broadly on Wednesday, with benchmark indexes in Japan and South Korea reaching new record highs, ahead of a Federal Reserve interest-rate cut expected later in the day.
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1 ชม. 23 นาทีที่ผ่านมา
Aussie Rises As Robust Inflation Data Spurs RBA Rate Cut Pause
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as traders' bet on rate cut pause by the Reserve Bank of Australia (RBA), following the release of robust Australia's Consumer Price Index (CPI) data.
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1 ชม. 29 นาทีที่ผ่านมา
European Shares Seen Tad Lower At Open
European stocks may open a tad lower on Wednesday as investors await the Federal Reserve's interest-rate decision as well as earnings from the five "Magnificent Seven" companies for direction.
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4 ชม. 25 นาทีที่ผ่านมา
