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Company records net sales of $848 million, earnings per share of $1.66.
May 1, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the first quarter of 2016. Net sales were $848 million in the quarter, a decrease of $94 million from the fourth quarter of 2015. The decrease in net sales from the prior quarter was primarily due to the timing of systems revenue recognition across multiple projects, partially offset by higher revenue from the Desert Stateline project. In addition, net sales from module plus offerings decreased versus the fourth quarter. The increase in Desert...
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