Maxeon Solar Technologies Q2 EPS $0.03 Beats $(1.08) Estimate, Sales $184.22M Beat $177.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Maxeon Solar Technologies reported a significant earnings beat for Q2, with EPS of $0.03 surpassing the expected $(1.08) and sales of $184.22M exceeding the $177.02M estimate. Despite the positive earnings, sales decreased by 47.12% compared to the same period last year.
September 03, 2024 | 12:05 pm
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Maxeon Solar Technologies reported a Q2 EPS of $0.03, significantly beating the $(1.08) estimate, and sales of $184.22M, surpassing the $177.02M estimate. However, sales decreased by 47.12% year-over-year.
The significant earnings beat and sales exceeding expectations are positive indicators for MAXN's stock price in the short term. However, the year-over-year sales decline may temper some investor enthusiasm.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100