SunPower: Q4 Earnings Snapshot

Associated Press Finance
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RICHMOND, Calif. (AP) — RICHMOND, Calif. (AP) — SunPower Corp. (SPWR) on Thursday reported a loss of $123.9 million in its fourth quarter.

On a per-share basis, the Richmond, California-based company said it had a loss of 71 cents. Losses, adjusted for one-time gains and costs, came to 51 cents per share.

The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The solar products and services company posted revenue of $356.9 million in the period, also missing Street forecasts. Eleven analysts surveyed by Zacks expected $364.6 million.

For the year, the company reported a loss of $247.1 million, or $1.41 per share. Revenue was reported as $1.69 billion.

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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

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