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Company reports net sales of $547 million, net cash of $1.2 billion.
October 28, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the third quarter ended Sept. 30, 2019. Net sales for the third quarter were $547 million, a decrease of $38 million from the prior quarter, primarily due to lower systems revenue from project sales in the US, partially offset by higher module sales volume. The company reported third quarter net income per share of $0.29, compared to a loss per share of $(0.18) in the prior quarter. Cash, restricted cash and marketable securities at the end of t...
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