SunPower Reports Second Quarter 2019 Results

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Go back to SunPower Reports Second Quarter 2019 Results

SunPower (SPWR) Misses Q2 EPS by 10c, Revenues Beat; Raises FY19 Adj. EBITDA Outlook, Q3 Revenue Guidance Below Consensus, Confirms FY19 Revenue Outlook

July 31, 2019 4:40 PM EDT

SunPower (NASDAQ: SPWR) reported Q2 EPS of ($0.22), $0.10 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $481.9 million versus the consensus estimate of $451.64 million.

"In the second quarter, we continued to see the benefits of our corporate transformation as we met or exceeded our financial guidance metrics while positioning the company for significant profitability improvement in the second half of the year," said Tom Werner, SunPower CEO and chairman of the board.

SunPower Energy Services (SPES) - North American Residential and Commercial Businesses"We executed well in our North American... More