| First Solar reports 1Q loss | |
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TEMPE, Ariz. (AP) _ First Solar Inc. (FSLR) on Thursday reported a first-quarter loss of $62.3 million, after reporting a profit in the same period a year earlier.
The Tempe, Arizona-based company said it had a loss of 62 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The largest U.S. solar company posted revenue of $469.2 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $597.1 million.
For the current quarter ending in June, First Solar said it expects revenue in the range of $750 million to $850 million. Analysts surveyed by Zacks had expected revenue of $745.2 million.
First Solar shares have climbed 34 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1 percent. In the final minutes of trading on Thursday, shares hit $59.67, a decline of 12 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSLR at http://www.zacks.com/ap/FSLR
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Keywords: First Solar, Earnings Report
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First Solar is based in United states of america. First Solar is listed in Germany and in United States of America. Its market capitalisation is US$ 22.1 billions as of today (€ 20.2 billions). Its stock quote reached its lowest recent point on June 11, 2010 at US$ 100.19, and its highest recent level on October 11, 2024 at US$ 211.49. First Solar has 104 270 000 shares outstanding. |