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Wednesday, July 31, 2019

-=SunPower (SPWR) reported earnings on Wed 31 July 2019 (a/h)

SunPower misses by $0.03, beats on revs; guides Q3 revs below consensus; guides FY19 revs in-line
  • Reports Q2 (Jun) loss of $0.22 per share, $0.03 worse thanthe S&P Capital IQ Consensus of ($0.19); revenues rose 7.8% year/year to $481.9 mln vs the $444.23 mln S&P Capital IQ Consensus.
  • Co issues downside guidancefor Q3, sees Q3 revs of $450-490 mln vs. $527.49 mln S&P Capital IQ Consensus.
  • Co issues in-line guidancefor FY19, sees FY19 revs of $1.9-2.1 bln vs. $1.96 bln S&P Capital IQ Consensus.

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