TEMPE, Ariz. (AP) — First Solar Inc. (FSLR) on Thursday reported a third-quarter profit of $455.9 million. The Tempe, Arizona-based company said it earned $4.24 per share during the period.
However, these results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.32 per share.
The largest U.S. solar company posted revenue of $1.59 billion in the quarter, also falling short of forecasts. Seven analysts surveyed by Zacks had expected revenue of $1.6 billion.
Looking ahead, First Solar expects its full-year earnings to be in the range of $14 to $15 per share, with revenue projected between $4.95 billion and $5.2 billion.
This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on FSLR for more information.
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