First Solar Reports Q3 EPS Of $3.41; Affirms 2015 EPS Guidance

(RTTNews) - First Solar, Inc. (FSLR) reported financial results for its third quarter of 2015 following preliminary results issued on October 29, 2015. The company revised its previously issued financial statements for the periods presented in the Quarterly Report on Form 10-Q to properly record a liability associated with an uncertain tax position related to income of a foreign subsidiary.

First Solar's third quarter 2015 net sales, gross margin and ending cash balances were all unchanged from the preliminary results issued previously. Earnings per share increased to $3.41, as compared to the preliminary results.

The company also affirmed its updated 2015 guidance provided in the preliminary earnings press release. The company continues to expect earnings per share in the range of $4.30 to $4.50.