First Solar: Q4 Earnings Snapshot
By AP News
Published - Feb 28, 2023, 07:30 PM ET
Last Updated - Jun 22, 2023, 06:51 PM EDT
TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — First Solar Inc. (FSLR) on Tuesday reported a fourth-quarter loss of $7.5 million, after reporting a profit in the same period a year earlier.
The Tempe, Arizona-based company said it had a loss of 7 cents per share.
The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The largest U.S. solar company posted revenue of $1 billion in the period, which also topped Street forecasts. Twenty-one analysts surveyed by Zacks expected $997.4 million.
