SunPower reports 3Q loss

SAN JOSE, Calif. (AP) _ SunPower Corp. (SPWR) on Wednesday reported a third-quarter loss of $56.3 million, after reporting a profit in the same period a year earlier.

The San Jose, California-based company said it had a loss of 41 cents per share. Earnings, adjusted for pretax expenses and stock option expense, were 13 cents per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The solar products and services company posted revenue of $380.2 million in the period.

SunPower shares have decreased nearly 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.62, a decrease of 20 percent in the last 12 months.

_____

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 http://www.zacks.com/ap/SPWR

_____

Keywords: SunPower, Earnings Report