Maxeon Solar Technologies, Ltd. (MAXN) Reports Q3 Loss, Tops Revenue Estimates
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Maxeon Solar Technologies, Ltd. (MAXN) reported a Q3 loss of $0.47 per share, which was significantly better than the Zacks Consensus Estimate of a loss of $11.50. The company also exceeded revenue expectations.
December 06, 2024 | 12:30 am
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Maxeon Solar Technologies reported a Q3 loss of $0.47 per share, much better than the expected loss of $11.50, and exceeded revenue estimates.
The better-than-expected earnings per share and revenue performance are likely to positively impact MAXN's stock price in the short term. Investors often react favorably to companies that exceed earnings and revenue expectations.
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