Maxeon Solar Technologies (NASDAQ:MAXN) reported its Q3 earnings results on Wednesday, November 15, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Maxeon Solar Technologies missed estimated earnings by 87.1%, reporting an EPS of $-1.74 versus an estimate of $-0.93.
Revenue was down $47.82 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 31.96% drop in the share price the next day.
Here’s a look at Maxeon Solar Technologies’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.08 | -0.47 | -1.27 | -1.56 |
| EPS Actual | -0.03 | 0.46 | -1.84 | -1.09 |
| Revenue Estimate | 372.63M | 328.12M | 315.70M | 277.16M |
| Revenue Actual | 348.37M | 318.33M | 323.50M | 275.45M |
To track all earnings releases for Maxeon Solar Technologies visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
