First Solar Inc. (FSLR) reported that its fourth-quarter net loss was $413.11 million, compared to net income of $155.94 million in the same quarter last year. Fourth quarter net loss per share was $4.78, compared to a net income of $1.80 in the fourth quarter of 2010.
Excluding these items, the non-GAAP net income per share in the fourth quarter 2011 was $1.26.
Fourth quarter 2011 net sales were $660 million, a decrease of $345 million from the third quarter of 2011, primarily due to the timing of revenue recognition in our systems business and lower volume for module-only sales.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.54 per share on revenues of $781.55 million for the quarter. Analysts' estimates typically exclude special items.
The company lowered its fiscal 2012 net sales guidance to a range of $3.5 billion -$3.8 billion, from the prior outlook of $3.7 billion -$4.0 billion.
The company reiterated its fiscal 2012 earnings per share guidance in a range of $3.75 to $4.25, excluding any impairment and restructuring charges that the company may be taking in 2012. Analysts expect the company to report earnings of $4.14 per share on revenues of $3.77 billion for fiscal 2012.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.