SunPower: Q3 Earnings Snapshot
RICHMOND, Calif. (AP) — RICHMOND, Calif. (AP) — SunPower Corp. (SPWR) on Wednesday reported a loss of $32 million in its third quarter.
RICHMOND, Calif. (AP) — RICHMOND, Calif. (AP) — SunPower Corp. (SPWR) on Wednesday reported a loss of $32 million in its third quarter.
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On a per-share basis, the Richmond, California-based company said it had a loss of 18 cents. Losses, adjusted for one-time gains and costs, came to 12 cents per share.
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The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The solar products and services company posted revenue of $432 million in the period, exceeding Street forecasts. Ten analysts surveyed by Zacks expected $429.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPWR at https://www.zacks.com/ap/SPWR