SunPower stock was sinking Wednesday after the solar power company cut its fiscal 2023 outlook on weakening demand.
The company also now expects to post negative earnings before interest, taxes, depreciation, and amortization of between $35 million and $25 million. SunPower previously guided for fiscal 2023 adjusted Ebitda to be between $55 million and $75 million.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Revvity’s stock tumbles to lead the S&P 500 losers after earnings miss, lowered outlookTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Source: MarketWatch - 🏆 3. / 97 Read more »
Paycom’s stock plunges 30% as payroll company whiffs on earnings outlookPaycom expects 10% to 12% revenue growth in 2024, while analysts were calling for a 21% jump
Source: MarketWatch - 🏆 3. / 97 Read more »
AMD's stock drops after earnings as revenue outlook comes in lightData-center revenue was flat with the year-earlier sum but up 21% sequentially
Source: MarketWatch - 🏆 3. / 97 Read more »
Paycom’s stock plunges 25% as payroll company whiffs on earnings outlookCompany beats on earnings but misses on revenue with third-quarter results
Source: MarketWatch - 🏆 3. / 97 Read more »
Pinterest stock rockets 18% after earnings beat, advertising outlookPinterest stock boomed Tuesday after a strong earnings report Monday.
Source: CNBC - 🏆 12. / 72 Read more »