Thursday, January 29, 2009

SunPower Q4 Profits Top Ests; Sets Broad ‘09 Targets

Update here.

After Hours: 32.03 +3.35
(11.68%) - Jan 29, 5:59PM EST

We'll have to see what these guys (SunPower: 3 Analysts Slash ‘09 Ests; Earnings Thursday) have to say. From Tech Trader Daily:

SunPower (SPWRA) shares are higher this afternoon after the company posted Q4 revenue of $401 million and non-GAAP profits of 70 cents a share, beating the Street consensus of $396.8 million and 57 cents.

The solar company said it expects 2009 revenue of $1.6 billion to $2 billion, with profits of $2.20 to $2.80 a share, and production capacity of more than 450 megawatts. The Street has been looking for $1.89 billion and $2.66 a share; If you use the midpoint of the guidance range, the forecast would be a bit short of consensus....MORE