Investing.com - SunPower reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SunPower announced earnings per share of $0.13 on revenue of $475.7M. Analysts polled by Investing.com anticipated EPS of $0.07 on revenue of $432.87M.
SunPower shares are down 20% from the beginning of the year and are trading at $18.80 , down-from-52-week-high.
SunPower shares gained 11.51% in pre-market trade the report.
SunPower follows other major Industrials sector earnings this month
SunPower's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $1.21 on revenue of $16.95B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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