Recap: SunPower Q1 Earnings

SunPower SPWR reported its Q1 earnings results on Wednesday, May 3, 2023 at 07:45 AM.

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

SunPower missed estimated earnings by 600.0%, reporting an EPS of $-0.07 versus an estimate of $-0.01.

Revenue was up $90.60 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 3.73% drop in the share price the next day.

Here's a look at SunPower's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.13	0.08	0.04	0.02
EPS Actual	0.15	0.13	0.03	0.02
Revenue Estimate	488.31M	428.00M	362.17M	334.16M
Revenue Actual	497.31M	475.71M	417.77M	350.28M

To track all earnings releases for SunPower visit their earnings calendar here.

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