The U.S. solar company posted a net profit of $59.1 million, or 66 cents per share, for the first quarter. This compares with a loss of $449.4 million, or $5.20 per share, in the year-ago period, which included $444 million in restructuring charges and costs in excess of normal warranty.
Excluding items, First Solar earned 69 cents a share, below the 75 cents expected on average by analysts, according to Thomson Reuters I/B/E/S.Revenue rose 52 percent to $755.2 million, above Wall Street expectations of $725.3 million.
I’m pretty sure Fox (and by their nature, Republicans) only think one solar company ever existed or got government help in the history of the country. Pointed out that others both and exist and are doing o.k. makes minds melt, and is therefore considered some kind of lie.