TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — First Solar Inc. (FSLR) on Thursday reported second-quarter earnings of $341.9 million.
The Tempe, Arizona-based company said it had net income of $3.18 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.68 per share.
The largest U.S. solar company posted revenue of $1.1 billion in the period, also topping Street forecasts. Eleven analysts surveyed by Zacks expected $1.03 billion.
First Solar expects full-year earnings to be $13.50 to $16.50 per share.
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