SunPower Reports First Quarter 2019 Results
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SunPower (SPWR) Misses Q1 EPS by 5c, Revenues Beat; Affirms Q2 & FY19 Revenue Guidance Below Consensus, Raises FY19 Adj. EBITDA Outlook
May 9, 2019 4:16 PM EDTSunPower (NASDAQ: SPWR) reported Q1 EPS of ($0.41), $0.05 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $411.6 million versus the consensus estimate of $376.8 million.
"We executed well as we met or exceeded our key financial guidance metrics for the first quarter while laying the foundation for improved profitability in the second half of the year," said Tom Werner, SunPower CEO and chairman of the board.
"Demand in our global DG business remains strong and we expanded shipments into the international power plant market. In the first quarter, we... More
