Sramana Mitra is a technology entrepreneur and strategy consultant in Silicon Valley. She has founded three companies and writes a business blog, Sramana Mitra on Strategy. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology.... More
After quarters of stellar growth, SunPower (NADSAQ:SPWRA) too seems to have been hit by the economic meltdown, and its earlier confidence in meeting projected numbers has wavered. In the recently announced Q1 results, revenues of $214 million fell by 22% over the year and came in far short of the market’s expected $269 million. EPS of $0.05 was also significantly short of the Street’s expected $0.24.
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SunPower Slows, But Obama’s Stimulus Should Help 0 comments
After quarters of stellar growth, SunPower (NADSAQ:SPWRA) too seems to have been hit by the economic meltdown, and its earlier confidence in meeting projected numbers has wavered. In the recently announced Q1 results, revenues of $214 million fell by 22% over the year and came in far short of the market’s expected $269 million. EPS of $0.05 was also significantly short of the Street’s expected $0.24.
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Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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