SunPower Earnings Beat Forecasts. The Inventory Shines.
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SunPower
shares had been surging early Tuesday after the photo voltaic panel producer posted an earnings beat.
SunPower (ticker:
SPWR
) reported second-quarter adjusted earnings of $5.2 million, or three cents a share, on $417.eight million in income. Analysts surveyed by FactSet had been anticipating earnings of two cents a share on income of $362.2 million.
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