Flexible Electronics News

First Solar, Inc. Announces 2008 First Quarter Financial Results

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. announced its financial results for the first quarter ended March 29, 2008. Quarterly revenues were $196.9 million, down from $200.8 million in the fourth quarter of fiscal 2007 and up from $66.9 million in the first quarter of fiscal 2007. Net income for the first quarter of fiscal 2008 was $46.6 million or $0.57 per share on a fully diluted basis, compared to net income of $62.9 million or $0.77 per share on a fully diluted basis for the fourth quarter of fiscal 2007. Net...

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