RTTNews | Nov 4, 2021 05:17PM EDT

17:16 Thursday, November 4, 2021 (RTTNews.com) - First Solar, Inc. (FSLR) released a profit for third quarter that decreased from last year.

The company's profit totaled $45.20 million, or $0.42 per share. This compares with $155.04 million, or $1.45 per share, in last year's third quarter.

Analysts had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 37.1% to $583.50 million from $927.57 million last year.

First Solar, Inc. earnings at a glance:

-Earnings (Q3): $45.20 Mln. vs. $155.04 Mln. last year.-EPS (Q3): $0.42 vs. $1.45 last year.-Analysts Estimate: $0.59-Revenue (Q3): $583.50 Mln vs. $927.57 Mln last year.

-Guidance:Full year EPS guidance: $4.00 - $4.60Full year revenue guidance: $2.875 - $3.1 Bln

Read the original article on RTTNews ( https://www.rttnews.com/3239768/first-solar-inc-q3-earnings-decline-misses-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved