TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — First Solar Inc. (FSLR) on Tuesday reported third-quarter profit of $268.4 million.
The Tempe, Arizona-based company said it had profit of $2.50 per share.
The results surpassed Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.
The largest U.S. solar company posted revenue of $801.1 million in the period, missing Street forecasts. Seventeen analysts surveyed by Zacks expected $900.9 million.
First Solar expects full-year earnings to be $7.20 to $8 per share, with revenue in the range of $3.4 billion to $3.6 billion.
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