First Solar Q2 Profit Plunges; Backs FY14 EPS Outlook - Quick Facts

(RTTNews) - First Solar, Inc. (FSLR) reported net income for the second quarter of $4.5 million or $0.04 per share, compared to $33.6 million or $0.37 per share in the year-ago quarter.

Analysts polled by Thomson Reuters expected the company to earn $0.37 per share.

Net sales for the latest second quarter rose to $544.35 million from $519.76 million in the same quarter last year, while 14 analysts had a consensus revenue estimate of $795.88 million for the quarter.

For full year 2014, the company continues to expect earnings in the range of $2.40 to $2.80 per share. Analysts currently expect the company to earn $2.70 per share for the full year 2014.