Benzinga | May 20, 2021 04:03PM EDT

Maxeon Solar Technologies Q1 EPS $(1.14) Beats $(1.48) Estimate, Sales $165.42M Beat $160.28M Estimate

Maxeon Solar Technologies (NASDAQ:MAXN) reported quarterly losses of $(1.14) per share which beat the analyst consensus estimate of $(1.48) by 22.97 percent. This is a 23.49 percent increase over losses of $(1.49) per share from the same period last year. The company reported quarterly sales of $165.42 million which beat the analyst consensus estimate of $160.28 million by 3.21 percent. This is a 27.33 percent decrease over sales of $227.64 million the same period last year.