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Net sales for the first quarter were $532 million, a decrease of $159 million from the prior quarter.
May 3, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the first quarter ended March 31, 2019. Net sales for the first quarter were $532 million, a decrease of $159 million from the prior quarter, primarily due to lower systems project revenue in the US and Japan. The company reported a first quarter loss per share of $(0.64), compared to earnings per share of $0.49 in the fourth quarter of 2018. Cash, restricted cash and marketable securities at the end of the first quarter decreased to $2.3 bil...
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