Thin film solar manufacturer, First Solar, Inc. (Nasdaq: FLSR) achieved a first-quarter profit, beating analyst expectations on surging revenue.
Earnings totaled $5 million (7 cents per share), rising from a loss of $5.9 million (-12 cents per share) in Q106. Sales leapt to $66.9 million from $13.6 million.
Analysts generally expected fSLR to break-even for the quarter on $52.8 million in revenue.
“During the first quarter we benefited from continued solid execution providing for both sequential revenue and throughput growth, while readying ourselves for the production ramp at our German plant,” said Mike Ahearn, CEO.
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