SunPower Reports Second Quarter 2017 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/29/2026
- Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight
- Fed chair Warsh kicks off Jackson Hole keynote address
- PayPal tumbles as Advent, Stripe said to drop $50 bln pursuit
- Oil settles lower on clues about Fed policy, rumors of Hormuz deal
- Dollar jumps after Warsh comments, set for weekly gain
- McKesson reports cybersecurity incident affecting its information systems
- Mizuho is bullish on Broadcom ahead of Sept. 2 earnings, citing 30-quarter streak
- BioNTech ends colorectal cancer mRNA therapy trial early
- Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight
- Pinterest CFO resigns, interim replacement named
SunPower (SPWR) Tops Q2 EPS by 9c, Q3 Revenue Guidance Misses Views
August 1, 2017 4:13 PM EDTSunPower (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
