SunPower Corp. shares declined in the extended session Wednesday after the solar power company posted a wider-than-expected loss for the quarter. SunPower shares fell 6.2% to $6.80 a share after hours. The company reported an adjusted fourth-quarter loss of 64 cents a share on revenue of $1.1 billion. Analysts surveyed by FactSet had forecast a loss of 46 cents a share on revenue of $1.05 billion. For the first quarter, SunPower estimated revenue of $370 million to $420 million, while analysts had forecast $459.2 million.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News