SunPower (NASDAQ:SPWR) reported its Q1 earnings results on Wednesday, May 3, 2023 at 07:45 AM.
Here’s what investors need to know about the announcement.
Earnings
SunPower missed estimated earnings by 600.0%, reporting an EPS of $-0.07 versus an estimate of $-0.01.
Revenue was up $90.60 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 3.73% drop in the share price the next day.
Here’s a look at SunPower’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.13 | 0.08 | 0.04 | 0.02 |
| EPS Actual | 0.15 | 0.13 | 0.03 | 0.02 |
| Revenue Estimate | 488.31M | 428.00M | 362.17M | 334.16M |
| Revenue Actual | 497.31M | 475.71M | 417.77M | 350.28M |
To track all earnings releases for SunPower visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
