1. What are the two key mistakes beginners make in reading trends?  2. Which "key" chart pattern reveals a top or bottom is near? 3. What are the most reliable chart patterns?  Answer these questions and more with your FREE 10 day trading course

Sunpower (SPWR) Beats, Guides Higher; Cypress (CY) Announces Spin Off

Posted by Tate Dwinnell | # |
08:17:32 am on July 17, 2008

Sunpower (SPWR) reported Q2 EPS of .61, 10 cents better than estimates on revenues of 382.8 which also beat estimates of 343 million.  The company also raised its full year 2008 revenue and EPS guidance.

In other news Cypress Semi (CY) announced  that its Board has authorized management of proceed with a spin off of Sunpower shares to Cypress’s shareholders held by Cypress.

Tags: earnings, spin off, spwr, sunpower

If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments