First Solar Blows Past Analysts’ Q4 Estimates

First Solar (NASDAQ: FSLR) enjoyed a satisfying 5% pop in its stock price following the release of its fourth-quarter and full 2016 results. For the quarter, revenue dove by almost 50% on a year-over-year basis to $480 million. On the bottom line, the company swung to a loss, largely due to restructuring charges — it posted a deficit of nearly $720 million, against a profit of $164 million in the same quarter the previous year. …read more

Read more here: First Solar Blows Past Analysts’ Q4 Estimates

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