First Solar: Q2 Earnings Snapshot
TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — First Solar Inc. (FSLR) on Tuesday reported second-quarter profit of $349.4 million.
The Tempe, Arizona-based company said it had profit of $3.25 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share.
The largest U.S. solar company posted revenue of $1.01 billion in the period, also surpassing Street forecasts. Twelve analysts surveyed by Zacks expected $946.2 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