SunPower Inc. Reports Third-Quarter Financial Update and Delays 10-Q Filing

SunPower expects third-quarter revenue of $65.1 million, below its July guidance of more than $75 million, and a comprehensive net loss of $21.5 million. The company delayed filing its 10-Q but expects to submit it within the five-day grace period. Management had previously cited issues at SunPower Direct as a drag on second-quarter results and expected management changes to improve third-quarter performance.