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Report net sales of $688 million, GAAP earnings per share of $1.49.
November 4, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the third quarter of 2016. Net sales were $688 million, a decrease of $246 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 third quarter earnings per share of $1.49, compared to $0.13 in the prior quarter. The third quarter was impacted by pre-tax charges of $4 million, related to previously announced restructuring actions...
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