SunPower (NASDAQ:SPWR) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Net loss increased 74.29% to $144.8 million (+18 cents per diluted share adjusted) in the quarter versus a net loss of $83.08 million in the year-earlier quarter. Revenue rose 20.52% to $679 million from the year-earlier quarter.
reported adjusted net income of 18 cents per share. By that measure, the company beat the mean analyst estimate of $0.15. It missed the average revenue estimate of $768.27 million.