First Solar: Q1 Earnings Snapshot
TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — First Solar Inc. (FSLR) on Tuesday reported first-quarter net income of $209.5 million.
On a per-share basis, the Tempe, Arizona-based company said it had profit of $1.95.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.50 per share.
The largest U.S. solar company posted revenue of $844.6 million in the period, which also missed Street forecasts. Eleven analysts surveyed by Zacks expected $850.8 million.
First Solar expects full-year earnings to be $12.50 to $17.50 per share, with revenue in the range of $4.5 billion to $5.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSLR at https://www.zacks.com/ap/FSLR