SunPower (SPWRA) Tops Q3 Views; Cuts Q410, Raises FY10 Outlook

November 11, 2010 4:10 PM EST Send to a Friend
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SunPower (Nasdaq: SPWRA) reports Q3 EPS of $0.26, 13 cents better than the consensus of $0.13. Revenue for the quarter came in at $555.6 million, compared to the consensus of $471.33 million.

Cuts Q410 EPS outlook from $1.05 - $1.35 to $0.95 - $1.15, versus $1.10 consensus.

Cuts Q410 sales from $825 - $1.23 billion to $870 - $970 million, versus $935 million consensus

Increases FY10 sales from $2.0 - $2.25 billion to $2.15 - $2.25 billion, versus $2.15 billion

Increases FY10 EPS of $1.35 - $1.65 to $1.45 - $1.65, versus $1.43 consensus.


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