SunPower (SPWR) Tops Q4 EPS by 11c, Revenues Miss; Offers Q1 & FY19 Revenue Guidance Below Consensus

SunPower (NASDAQ: SPWR) reported Q4 EPS of ($0.21), $0.11 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $525.4 million versus the consensus estimate of $561.99 million.

"I'm pleased we were able to post solid financial performance for the quarter while achieving a number of strategic milestones including re-segmenting our business structure to improve transparency and accountability, the initial production of our NGT cell and panel technology, as well as further delevering our balance sheet through the successful deconsolidation of our residential lease portfolio," said Tom Werner, SunPower CEO and chairman of the board.

GUIDANCE:

SunPower sees Q1 2019 revenue of $350-390 million, versus the consensus of $496.81 million.

SunPower sees FY2019 revenue of $1.8-1.9 billion, versus the consensus of $2.25 billion.

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

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