First Solar, Inc. Announces Decline In Q3 Earnings

(RTTNews) - First Solar, Inc. (FSLR) revealed a profit for third quarter that decreased from last year.

The company's profit came in at $57.75 million, or $0.54 per share. This compares with $205.75 million, or $1.95 per share, in last year's third quarter.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 37.8% to $676.22 million from $1087 million last year.

First Solar, Inc. earnings at a glance:

-Earnings (Q3): $57.75 Mln. vs. $205.75 Mln. last year. -EPS (Q3): $0.54 vs. $1.95 last year. -Analysts Estimate: $0.41 -Revenue (Q3): $676.22 Mln vs. $1087 Mln last year.

-Guidance: Full year EPS guidance: $1.40 - $1.60 Full year revenue guidance: $2.3 - $2.4 Bln