Filed under: Earnings Reports, Options, Technical Analysis
After the closing bell, SunPower Corporation (SPWRA) will take the spotlight to reveal its fourth-quarter earnings. Analysts surveyed by Thomson Reuters are expecting the solar concern to report net income of 49 cents per share, down from its year-ago profit of 70 cents per share. Sales for the period are expected to arrive at $491 million.
SunPower has a solid history in the earnings spotlight, having exceeded Wall Street’s consensus expectations in three of the past four reporting periods. Judging by a recent uptick in call buying, some traders appear to be anticipating another upside surprise.
Continue reading What’s in Store for SunPower After Earnings?
What’s in Store for SunPower After Earnings? originally appeared on BloggingStocks on Thu, 18 Mar 2010 13:00:00 EST. Please see our terms for use of feeds.
