SunPower Misses Estimates, Shares Down (SPWRA)

Shares of SunPower Corp SPWRA are down 1.5% in after-hours, after the solar power equipment provider reported disappointing earnings. The company reported earnings of 15 cents per share on revenues of $451.4 million. Wall Street expected earnings of 17 cents per share on $480.46 million in revenues. The company also gave revenue guidance for the current quarter that was below Wall Street estimates. The company expects revenues of $500-$550 million versus Wall Street estimates of $596 million.