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SunPower Shares Slip 6% On Q3 Loss

Shares of solar technology company SunPower Corp. (SPWR) are trading down 6 percent on Thursday after it turned to loss in the third quarter.

During the three-month period, the company posted net loss of $84.4 million or $0.49 per share, compared to net income of $109.5 million or $0.57 per share in the same period last year.

Excluding items, the company reported income of $9.8 million or $0.06 per share, compared to loss of $6.5 million or $0.04 per share in the year-ago period, while analysts expected earnings of $0.02 per share in the quarter.

Quarterly revenues rose to $323.6 million from $274.8 million in the previous-year period, while analysts were looking for revenues of $332.9 million for the period.

Currently at $30.80, the stock has traded between $17.21 and $57.52 during the past 52 weeks.

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