First Solar, Inc. Bottom Line Rises In Q4, Beats estimates

(RTTNews) - First Solar, Inc. (FSLR) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $131.37 million, or $1.23 per share. This compares with $115.70 million, or $1.08 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $1.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 48.9% to $907.32 million from $609.23 million last year.

First Solar, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $131.37 Mln. vs. $115.70 Mln. last year. -EPS (Q4): $1.23 vs. $1.08 last year. -Analyst Estimate: $1.06 -Revenue (Q4): $907.32 Mln vs. $609.23 Mln last year.