SunPower (SPWR) Tops Q3 EPS by 11c, Revenues Miss; Offers FY18 Revenue Guidance Below Consensus

SunPower (NASDAQ: SPWR) reported Q3 EPS of ($0.29), $0.11 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $443.4 million versus the consensus estimate of $475.82 million.

"In the third quarter we achieved our Adjusted EBITDA target, continued to execute on our strategic initiatives, received our section 201 technology exclusion and positioned the company for sustained profitability," said Tom Werner, SunPower CEO and chairman of the board.

GUIDANCE:

SunPower sees FY2018 revenue of $1.7-1.8 billion, versus the consensus of $1.99 billion.

For earnings history and earnings-related data on SunPower (SPWR) click here.

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