SunPower: Q2 Earnings Snapshot

August 2, 2022 GMT

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.

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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