First Solar: Q3 Earnings Snapshot
By AP News
Published - Oct 29, 2024, 04:14 PM ET
Last Updated - Oct 29, 2024, 04:14 PM EDT
TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — First Solar Inc. (FSLR) on Tuesday reported third-quarter earnings of $313 million.
On a per-share basis, the Tempe, Arizona-based company said it had net income of $2.91.
The results fell short of Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.10 per share.
The largest U.S. solar company posted revenue of $887.7 million in the period, which also did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $1.07 billion.
