The Tempe, Ariz., company posted third-quarter net income of $30.6 million, or 29 cents a share, vs. $57.6 million, or 54 cents, in the year-earlier quarter. Analysts polled by FactSet had been expecting $1.07 a share.
Revenue came in at $546.8 million, a bit more than half the $1.03 billion forecast by analysts surveyed by FactSet.
First Solar as well as its competitor SunPower (SPWR) - Get Reportbriefly popped this month after the Trump administration eliminated an exemption that had enabled some foreign-made solar panels to avoid a 25% tariff.
Shares of First Solar at last check were down 5.4% to $52.90.
- In Search of Firms Trading at Relatively Low Levels of Net Current Asset Value
- First Solar and SunPower Stocks Dim Despite Friendly Trade Ruling
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