TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — First Solar Inc. (FSLR) on Tuesday reported fourth-quarter profit of $393.1 million.
On a per-share basis, the Tempe, Arizona-based company said it had net income of $3.65.
The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $4.64 per share.
The largest U.S. solar company posted revenue of $1.51 billion in the period, which topped Street forecasts. Eleven analysts surveyed by Zacks expected $1.47 billion.
First Solar expects full-year earnings to be $17 to $20 per share, with revenue in the range of $5.3 billion to $5.8 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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