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Net sales of $497 million is $70 million less that 1Q 2011
May 3, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the first quarter of 2012. Net sales were $497 million in the quarter, a decrease of $163 million from the fourth quarter of 2011, primarily due to lower volumes for module-only sales, and $70 million below the first quarter of 2011, primarily due to lower average selling prices and lower volumes for module-only sales, which was partially offset by higher systems revenue. The company reported a first quarter net loss of $5.20 per fully diluted...
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