Maxeon Solar Technologies Announces First Quarter 2021 Financial Results
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Maxeon (MAXN) Tops Q1 EPS by 34c
May 20, 2021 4:04 PM EDTMaxeon (NASDAQ: MAXN) reported Q1 EPS of ($1.14), $0.34 better than the analyst estimate of ($1.48). Revenue for the quarter came in at $165.42 million versus the consensus estimate of $160.28 million.
Commenting on first quarter results, Maxeon's Chief Executive Officer Jeff Waters noted, "As expected, results for the first quarter of 2021 were in line with our recently offered outlook. Shipment and revenue declines reflected the natural seasonal pattern in our distributed generation business, combined with our ongoing pause in large scale. Gross margins were... More
