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Reports net sales of $768 million for the fourth quarter, $3.3 billion for 2013
February 27, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the fourth quarter and year ended Dec. 31, 2013. Net sales were $768 million in the quarter, a decrease of $497 million from the third quarter of 2013. The sequential decrease in net sales is primarily attributable to lower systems business project revenues as initial revenue recognition for Desert Sunlight and sale of the ABW projects were both achieved in the third quarter of 2013. The company reported fourth quarter GAAP net income per full...
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