SunPower (SPWRA) this afternoon reported Q1 results in with with previous guidance.
The company posted revenue of $347 million, in line with the Street at $346.6 million, up from $212 million a year ago, down from $548 million in Q4 and consistent with guidance of $330 million to $350 million. Non-GAAP profits of 5 cents a share were in line with guidance; the Street had expected 8 cents.
SPWRA repeated is previous forecast for full year revenue of $2 billion to $2.25 billion and diluted EPS of $1.25 to $1.65.
SPWRA in late trading is down 59 cents, or 3.9%, to $14.70.
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