SunPower Q4 2023 Adj EPS $(0.51) Misses $(0.24) Estimate, Non-GAAP Revenue From Continuing Operations $361.30M
Portfolio Pulse from Benzinga Newsdesk
SunPower (NASDAQ:SPWR) reported Q4 2023 adjusted EPS of $(0.51), missing the $(0.24) estimate, with non-GAAP revenue from continuing operations at $361.30M, below the $362.85M estimate. This represents a 27.35% decrease in sales compared to the same period last year.
February 15, 2024 | 12:46 pm
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SunPower reported a significant miss in Q4 2023 earnings and revenue, with adjusted EPS at $(0.51) against an estimate of $(0.24) and revenue of $361.30M missing the $362.85M estimate.
The significant miss in both earnings per share and revenue expectations, coupled with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price of SunPower in the short term.
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IMPORTANCE 90
RELEVANCE 100