First Solar Posts Q1 Loss - Quick Facts

(RTTNews) - First Solar, Inc. (FSLR) reported a first-quarter net loss of $62.3 million or $0.62 per share, compared to net income of $112.0 million or $1.10 per share, prior year.

On average, ten analysts polled by Thomson Reuters expected the company to report a loss per share of $0.29 for the quarter. Analysts' estimates typically exclude special items.

Net sales decreased to $469.2 million from $950.2 million last year. Analysts expected revenue of $599.47 million for the quarter.

For the second quarter of 2015, the company expects net sales of $750 to $850 million, earnings of $0.45 to $0.55 per share, including a non-recurring tax benefit of approximately $0.40. Analysts expect the company to report second-quarter earnings per share of $0.40 on revenue of $779.65 million.