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First Solar: 1Q Earnings Snapshot

TEMPE, Ariz. (AP) _ First Solar Inc. (FSLR) on Thursday reported a first-quarter loss of $67.6 million, after reporting a profit in the same period a year earlier.

The Tempe, Arizona-based company said it had a loss of 64 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The largest U.S. solar company posted revenue of $532 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $622.4 million.

First Solar expects full-year earnings to be $2.25 to $2.75 per share, with revenue in the range of $3.5 billion to $3.7 billion.

First Solar shares have risen 41% since the beginning of the year, while the Standard & Poor's 500 index has increased 16%. The stock has dropped 12% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSLR at https://www.zacks.com/ap/FSLR