SunPower Crushes 1Q14 Guidance Like a Russian Tank Over Ukrainian Border Post, Says Analyst
SunPower Corporation (NASDAQ:SPWR) beat expectations again for 1Q14, but this is to be expected considering the company’s history of lowball guidance that almost guarantees a headline beat each quarter. GAAP revenue for last quarter was $692 million, compared to guidance of $575 million - $625 million, and GAAP gross margin was 23.5% compared to guidance of 18 – 20%. SunPower stock rose 6.75% from $32.02 to $34.18 on the news.
Analysts adjust to low guidance
Of course analysts . . .
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