First Solar Q4 Profit Declines; Issues Q1 Outlook - Quick Facts

(RTTNews) - First Solar, Inc. (FSLR) Thursday reported fourth-quarter net income of $65.3 million or $0.64 per share, up from $154.2 million or $1.74 per share in the same period last year.

Adjusted earnings for the quarter was $0.89 per share. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.99 per share for the quarter. Analysts' estimates typically exclude special items.

Sales declined to $768.44 million from $1.08 billion last year. Analysts expected sales of $965.38 million.

Looking ahead, to the first quarter, the company expects earnings to be in the range of $0.50 per share to $0.60 per share and net sales of $800 million to $900 million. Analysts currently expect the company to report first quarter earnings of $0.84 per share on revenues of $898.24 million.