Investing.com - Maxeon Solar Technologies reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Maxeon Solar Technologies announced earnings per share of $-1.09 on revenue of $275.4M. Analysts polled by Investing.com anticipated EPS of $-1.35 on revenue of $273.46M.
Maxeon Solar Technologies shares are down 28.35% from the beginning of the year , still down 30.30% from its 52 week high of $27.99 set on Monday, September 19, 2022.
Maxeon Solar Technologies follows other major Information Technology sector earnings this month
Maxeon Solar Technologies's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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