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Company reports net sales of $1.1 billion, cash flow from operations of $581 million in the third quarter.
October 27, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the third quarter of 2017. Net sales for the third quarter were $1.1 billion, an increase of $464 million from the prior quarter primarily due to the sale of the California Flats and Cuyama projects, and higher third-party module sales. The company reported third quarter earnings per share (EPS) of $1.95, compared to EPS of $0.50 in the prior quarter. Net income increased versus the prior quarter primarily as a result of higher net sales, imp...
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