SunPower Reports Third Quarter 2020 Results
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SunPower (SPWR) Tops Q3 EPS by 1c, Revenues Beat; Raises FY20 Revenue Outlook, Provides 4Q Revenue Guidance
October 28, 2020 4:27 PM EDTSunPower (NASDAQ: SPWR) reported Q3 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $274.8 million versus the consensus estimate of $235.64 million.
Third Quarter 2020 Results
"Our solid third quarter results reflect the strong demand for our industry-leading solutions in both our residential and commercial markets," said Tom Werner, SunPower CEO and chairman of the board.
"Overall, we executed well as MW recognized grew 20% sequentially, we further expanded our gross margin, generated positive cash flow and added to our significant backlog. Additionally, we are pleased with the... More
