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.
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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.
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