TEMPE, Ariz. (AP) _ First Solar Inc. (FSLR) on Thursday reported third-quarter profit of $88.4 million.

On a per-share basis, the Tempe, Arizona-based company said it had net income of 87 cents. Earnings, adjusted for pretax gains, came to 61 cents per share.

The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The largest U.S. solar company posted revenue of $889.3 million in the period, also missing Street forecasts. Analysts expected $1.04 billion, according to Zacks.

First Solar expects full-year revenue in the range of $3.6 billion to $3.9 billion.

First Solar shares have climbed slightly more than 3 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 10 percent. In the final minutes of trading on Thursday, shares hit $56.47, a fall of nearly 8 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. FSLR stock research report from Zacks.

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Keywords:First Solar,Earnings Report