Actionable news
All posts from Actionable news
Actionable news in SPWR: SunPower Corporation,

SunPower Loss Exceeds Expectations, Guidance Holds Shares Up

SunPower Corp. (NASDAQ: SPWR) reported first-quarter 2016 results after markets closed Thursday afternoon. For the quarter, the solar panel maker reported an adjusted diluted net loss of $0.30 on adjusted revenue of $433.6 million. In the same period a year ago, SunPower reported EPS of $0.13 on revenue of $430.6 million. First-quarter results compare to the Thomson Reuters consensus estimates for a net loss per share of $0.20 and $328.53 million in revenue.

On a GAAP basis revenues totaled $384.9 and the per-share net loss came to $0.62. Adjustments to revenues included a loss of $15.2 million on...