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SunPower Corp Issues Q2 Guidance Above Analysts' Estimates; Issues FY 2013 Guidance In Line With Analysts' Estimates


Wednesday, 15 May 2013 08:00am EDT 

SunPower Corp announced that for the second quarter of 2013, it expects revenue in the range of $550-$600 million, earnings per diluted share in the range of $0.05 to $0.15. On a GAAP basis, the Company expects revenue of $540 million to $590 million, and loss per diluted share of $(0.25) to $(0.15). For fiscal 2013, it expects non-GAAP revenue of $2.5 billion to $2.6 billion, net income per diluted share of $0.60 to $0.80. On a GAAP basis, the Company expects revenue of $2.6 billion to $2.7 billion and net income (loss) per diluted share of ($0.05) to $0.20. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $513 million and EPS of $(0.02) for the second quarter of 2013; revenues of $2.55 billion and EPS of $0.64 for fiscal 2013. 

Company Quote

26.56
0.24 +0.91%
10:45am EST