SunPower: Q2 Earnings Snapshot
SAN JOSE, Calif. (AP) _ SunPower Corp. (SPWR) on Tuesday reported a loss of $63.1 million in its second quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 36 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 3 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The solar products and services company posted revenue of $417.8 million in the period. Its adjusted revenue was $414.1 million, beating Street forecasts. Eight analysts surveyed by Zacks expected $363.2 million.