First Solar reports smaller quarterly loss

By Kitco News / February 22, 2018 / www.kitco.com / Article Link

Feb 22 (Reuters) - First Solar Inc reported a smaller quarterly loss on Thursday compared with a year ago when the largest U.S. solar panel maker took a one-time charge of $729 million.

The company's net loss narrowed to $432.45 million, or $4.14 per share, in the fourth quarter ended Dec.31, from $750.79 million, or $7.22 per share, a year earlier. Net sales rose 2.5 percent to $339.18 million.


(Reporting by Taenaz Shakir in Bengaluru; Editing by Arun Koyyur)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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