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.
read more
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.
RTTNews
|
331 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.
RTTNews
|
547 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.
RTTNews
|
631 days ago
Hang Seng Poised To Halt Losing Streak
The Hong Kong stock market has moved lower in two straight sessions, shedding more than 400 points or 2 percent along the way. The Hang Seng now sits just above the 19,700-point plateau although it may stop the bleeding on Friday.
RTTNews
|
5h 26min ago
Japan Manufacturing PMI Sinks To 48.8 In January - Jibun
The manufacturing sector in Japan continued to contract in January, and at a faster pace, the latest survey from Jibun Bank revealed on Friday with a manufacturing PMI score of 48.8.
RTTNews
|
5h 50min ago
China Shares Likely To Open To The Upside On Friday
The China stock market on Thursday halted the two-day slide in which it had slumped more than 30 points or 1 percent. The Shanghai Composite Index now rests just above the 3,230-point plateau and it's expected to open in the green again on Friday.
RTTNews
|
5h 56min ago
Singapore Stock Market May Extend Thursday's Gains
The Singapore stock market on Thursday ended the three-day losing streak in which it had slipped more than 30 points or 0.7 percent. The Straits Times Index now sits just above the 3,800-point plateau and it may add to its winnings on Friday.
RTTNews
|
6h 25min ago
Rebound Anticipated For Malaysia Stock Market
The Malaysia stock market on Thursday snapped the four-day winning streak in which it had improved more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau although it may find renewed support on Friday.
RTTNews
|
6h 56min ago
