Maxeon Solar Technologies MAXN reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Maxeon Solar Technologies beat estimated earnings by 197.87%, reporting an EPS of $0.46 versus an estimate of $-0.47.
Revenue was up $95.25 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.57 which was followed by a 44.0% increase in the share price the next day.
Here's a look at Maxeon Solar Technologies's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -1.27 | -1.56 | -1.60 | -1.30 |
| EPS Actual | -1.84 | -1.09 | -2.15 | -1.45 |
| Revenue Estimate | 315.70M | 277.16M | 221.43M | 213.03M |
| Revenue Actual | 323.50M | 275.45M | 238.08M | 223.08M |
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
