Maxeon Solar Technologies: Q3 Earnings Insights

Maxeon Solar Technologies MAXN reported its Q3 earnings results on Wednesday, November 15, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Maxeon Solar Technologies missed estimated earnings by 87.1%, reporting an EPS of $-1.74 versus an estimate of $-0.93.

Revenue was down $47.82 million from the same period last year.

Last quarter the company beat on EPS by $0.05 which was followed by a 31.96% drop in the share price the next day.

Here's a look at Maxeon Solar Technologies's past performance:

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	-0.08	-0.47	-1.27	-1.56
EPS Actual	-0.03	0.46	-1.84	-1.09
Revenue Estimate	372.63M	328.12M	315.70M	277.16M
Revenue Actual	348.37M	318.33M	323.50M	275.45M

To track all earnings releases for Maxeon Solar Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.