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Reports net sales of $567 million, net cash of $2.4 billion.
April 30, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the first quarter 2018. Net sales for the first quarter were $567 million, an increase of $228 million from the prior quarter due to the sale of international projects in India and Japan and the sale of the Rosamond project in the US, partially offset by lower third-party module sales. The company reported first quarter GAAP earnings per share (EPS) of $0.78, compared to a GAAP loss per share of $(4.14) in the fourth quarter of 2017. Net inco...
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