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