TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — First Solar Inc. (FSLR) on Wednesday reported first-quarter profit of $236.6 million.
On a per-share basis, the Tempe, Arizona-based company said it had net income of $2.20.
The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The largest U.S. solar company posted revenue of $794.1 million in the period, also beating Street forecasts. Sixteen analysts surveyed by Zacks expected $714.9 million.
First Solar expects full-year earnings to be $13 to $14 per share, with revenue in the range of $4.4 billion to $4.6 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
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