First Solar, Inc. Q3 Income Rises 292%

(RTTNews) - First Solar, Inc. (FSLR) released earnings for its third quarter that climbed from last year.

The company said its bottom line rose to $346.20 million, or $3.38 per share. This was up from $88.42 million, or $0.87 per share, in last year's third quarter.

Analysts had expected the company to earn $1.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 42.7% to $1.27 billion. This was up from $0.89 billion last year.

First Solar, Inc. earnings at a glance:

-Earnings (Q3): $346.20 Mln. vs. $88.42 Mln. last year. -Earnings Growth (Y-o-Y): 291.5% -EPS (Q3): $3.38 vs. $0.87 last year. -EPS Growth (Y-o-Y): 288.5% -Analysts Estimate: $1.55 -Revenue (Q3): $1.27 Bln vs. $0.89 Bln last year. -Revenue Change (Y-o-Y): 42.7%

-Guidance: Full year EPS guidance: $4.30 - $4.50 Full year revenue guidance: $3.5 - $3.6 Bln