SunPower Reports Second Quarter 2017 Results

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Go back to SunPower Reports Second Quarter 2017 Results

SunPower (SPWR) Tops Q2 EPS by 9c, Q3 Revenue Guidance Misses Views

August 1, 2017 4:13 PM EDT

SunPower (NASDAQ: SPWR) reported Q2 EPS of ($0.35), $0.09 better than the analyst estimate of ($0.44). Revenue for the quarter came in at $337.4 million versus the consensus estimate of $312.59 million.

GUIDANCE:

SunPower sees Q3 2017 revenue of $320-370 million, versus the consensus of $677.88 million.

SunPower sees FY2017 revenue of $2.1-2.3 billion, versus the consensus of $2.17 billion.

The company is updating its fiscal year 2017 revenue and gigawatt (GW) deployed guidance. The company now expects revenue of $1.9 billion to $2.1 billion on a GAAP basis and... More