Maxeon Solar Technologies: Q2 Earnings Insights

[ad_1]

 

Maxeon Solar Technologies MAXN reported its Q2 earnings results on Thursday, August 18, 2022 at 04:15 PM.

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

Earnings

Maxeon Solar Technologies missed estimated earnings by 34.37%, reporting an EPS of $-2.15 versus an estimate of $-1.6.

Revenue was up $62.19 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.15 which was followed by a 7.14% increase in the share price the next day.

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

 








Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -1.30 -1.29 -1.40 -1.35
EPS Actual -1.45 -1.69 -1.49 -1.99
Revenue Estimate 213.03M 222.99M 227.98M 180.17M
Revenue Actual 223.08M 221.48M 220.49M 175.90M

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.

[ad_2]

Image and article originally from www.benzinga.com. Read the original article here.