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First Solar, Inc. Announces Decline In Q3 Earnings

First Solar, Inc. (FSLR) revealed a profit for third quarter that decreased from last year.

The company's profit came in at $57.75 million, or $0.54 per share. This compares with $205.75 million, or $1.95 per share, in last year's third quarter.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 37.8% to $676.22 million from $1087 million last year.

First Solar, Inc. earnings at a glance:

-Earnings (Q3): $57.75 Mln. vs. $205.75 Mln. last year.
-EPS (Q3): $0.54 vs. $1.95 last year.
-Analysts Estimate: $0.41
-Revenue (Q3): $676.22 Mln vs. $1087 Mln last year.

-Guidance:
Full year EPS guidance: $1.40 - $1.60
Full year revenue guidance: $2.3 - $2.4 Bln

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