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First Solar: 4Q Earnings Snapshot

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TEMPE, Ariz. (AP) _ First Solar Inc. (FSLR) on Thursday reported fourth-quarter net income of $115.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Tempe, Arizona-based company said it had net income of $1.08.

The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The largest U.S. solar company posted revenue of $609.2 million in the period, also falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $713.6 million.

For the year, the company reported net income of $398.4 million, or $3.73 per share, swinging to a profit in the period. Revenue was reported as $2.71 billion.

First Solar expects full-year earnings to be $4.05 to $4.75 per share, with revenue in the range of $2.85 billion to $3 billion.

First Solar shares have dropped 18% since the beginning of the year, while the Standard & Poor's 500 index has increased 2%. In the final minutes of trading on Thursday, shares hit $81.40, a climb of 68% in the last 12 months.

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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