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Reports net sales of $3.0 billion for 2016, and $480 million for the fourth quarter.
February 21, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the fourth quarter and year ended Dec. 31, 2016. Net sales for the fourth quarter were $480 million, a decrease of $208 million from the prior quarter due to the completion of multiple systems projects during the quarter, partially offset by higher module-only sales. The company reported a fourth quarter loss per share of $(6.92), compared to earnings per share of $1.63 in the prior quarter. The fourth quarter was impacted by pre-tax charges ...
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