SAN JOSE, Calif. (AP) _ SunPower Corp. (SPWR) on Thursday reported a loss of $27.9 million in its first quarter.
The San Jose, California-based company said it had a loss of 16 cents per share. Earnings, adjusted for one-time gains and costs, were 2 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The solar products and services company posted revenue of $350.3 million in the period. Its adjusted revenue was $336.1 million, topping Street forecasts. Eight analysts surveyed by Zacks expected $333.8 million.
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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