04:45 PM EDT, 04/08/2024 (MT Newswires) -- Maxeon Solar Technologies ( MAXN ) late Monday reported preliminary fiscal Q4 revenue of $229 million, compared with its guidance of $220 million to $260 million.

Analysts surveyed by Capital IQ expect $236.7 million.

For fiscal Q1, Maxeon expects revenue of $186 million. Analysts surveyed by Capital IQ expect $241.6 million.

The stock was down more than 8% in extended trading.

Price: 2.49, Change: -0.24, Percent Change: -8.8