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SunPower Corporation Message Board

  • lakers_w lakers_w May 11, 2010 4:55 PM Flag

    SPWRA raises full yr guidance, rev=2-2.25B > $2.08B, EPS=$1.25 - $1.65 > $1.43

    SunPower Turns To Profit In Q1; Guides Q2, Q3, Q4, Reaffirms FY10 Adj. Outlook - Quick Facts
    5/11/2010 4:38 PM ET
    http://www.rttnews.com/Content/QuickFacts.aspx?Node=B1&Id=1301373%20&Category=Quick%20Facts


    (RTTNews) - Tuesday, SunPower Corp. (SPWRA: News ,SPWRB: News ) reported first-quarter net income of $12.57 million or $0.13 per share, compared to a loss of $9.85 million or $0.12 per share in the same quarter last year.

    While providing its guidance for the second, third and fourth quarters as well as reaffirming adjusted outlook for 2010, the company cut its earnings guidance for the full year 2010.

    On a non-GAAP basis, net income was $0.05 per share, compared to a loss of $0.09 per share in the prior year quarter.

    On average, 26 analysts polled by Thomson Reuters expected the company to earn $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

    Revenue for the quarter was $347.27 million, up from $211.64 million in the comparable quarter last year. Analysts expected the company to report revenue of $346.55 million for the quarter.

    Looking ahead to the second quarter, the company expects revenue in the range of $380 million - $420 million with non-GAAP earnings in the range o $0.05 - $0.12 per share. Analysts currently anticipate the company to earn $0.25 per share on revenue of $437.15 million for the quarter.

    For the third quarter, revenue is expected to be in the range of $450 million - $490 million with non-GAAP earnings in the range of $0.08 - $0.15 per share. For the fourth quarter, the company expects revenue in the range of $835 million - $1.025 billion with non-GAAP earnings in the range of $1.05 - $1.35 per share.

    For fiscal year 2010, the company expects revenue in the range of $2.0 billion - $2.25 billion with earnings in the range of loss of $0.20 - profit $0.25 per share. The company reaffirmed its non-GAAP guidance and expects revenue in the range of $2.0 billion - $2.25 billion with net income of $1.25 - $1.65 per share. Analysts currently anticipate the company to earn $1.43 per share on revenue of $2.08 billion for the full year.

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SPWR
29.60-0.71(-2.34%)Oct 30 4:00 PMEDT

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