| SunPower beats 2Q profit forecasts | |
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SAN JOSE, Calif. (AP) _ SunPower Corp. (SPWR) on Tuesday reported second-quarter net income of $6.5 million.
The San Jose, California-based company said it had net income of 4 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 18 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The solar products and services company posted revenue of $376.7 million in the period.
For the current quarter ending in September, SunPower said it expects revenue in the range of $400 million to $450 million. Analysts surveyed by Zacks had expected revenue of $741 million.
The company expects full-year earnings in the range of $1.50 to $1.80 per share, with revenue ranging from $2.4 billion to $2.6 billion.
SunPower shares have declined almost 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $25.66, a fall of 33 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPWR at http://www.zacks.com/ap/SPWR
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Keywords: SunPower, Earnings Report
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SunPower est une société de production minière basée aux Etats-Unis D'Amerique. SunPower est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 325,3 millions US$ (302,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 18 janvier 2008 à 99,99 US$, et son plus bas niveau récent le 26 avril 2024 à 1,77 US$. SunPower possède 138 700 000 actions en circulation. |