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No. Their GAAP guidance was negative for this quarter. the $0.11 analyst average was for non-GAAP. They guided toward $0.05 - $0.15 non-GAAP and delivered $0.48.
SPWR also raised FY guidance to $1 - $1.30 from a previous $0.60 - $0.80 just two and a half months ago!!! So that stock is basically trading at a 20x PE ratio for this year's earnings; give me a break!
Tough Market! Don't people see the growth? Maybe they are waiting for the conference call which starts in 15 minutes. I guess it's up 3%, but I was expecting more with these kind of earnings.
I was expecting more as well. We might have to see what kind of short squeeze plays into tomorrow's trading because i bet some shorts are going to bail out seeing those numbers.
At least i hope... only 1.5% gain now...
Maybe to much was baked in with yesterday's 7% run up?
I was expecting more as well. We might have to see what kind of short squeeze plays into tomorrow's trading because i bet some shorts are going to bail out seeing those numbers.
At least i hope... only 1.5% gain now...
Maybe to much was baked in with yesterday's 7% run up?
"The company reported net income of $19.6 million, or 15 cents a share, compared
with a net loss of $84.2 million, or 71 cents, a year earlier, San Jose,
California-based SunPower said today in a statement. The company, which hasn’t
reported a profit since the fourth quarter of 2010, was expected to lose 17
cents a share"
"SunPower is benefiting from higher prices in Europe and surging demand in Japan, Ben Kallo,
analyst at Robert W Baird & Co. in San Francisco, said today in an interview
before the earnings were released. He raised his price target to $34 a share
from $24 in a research note yesterday"
Now how the hell do you sell under 28 now, if u didnt earlier today? HOW?