First Solar 4Q earnings soar: Associated Press Business News: FSLR - MSN Money
PHOENIX (AP) - Solar modules maker First Solar Inc. said Wednesday its fourth-quarter earnings skyrocketed on increased production and lower costs.
The results, which beat Wall Street's expectations, sent shares up $26.19, or 14.9 percent, to $201.75 in premarket trading.
The company earned $62.9 million, or 77 cents per share, compared with $8 million, or 12 cents per share, in the year-ago quarter.
Analysts expected profit of 53 cents per share on revenue of $179.6 million, according to a poll by Thomson Financial.
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