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 and are trading at $19.51 , down-from-52-week-high.
Maxeon Solar Technologies follows other major Information Technology sector earnings this month
Maxeon Solar Technologies's report follows an earnings beat by Apple on October 27, 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 October 25 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar