First Solar Inc., the world’s biggest maker of thin-film solar panels, said first-quarter revenue will fall short of analysts’ expectations after it shuttering a plant in Germany. The shares fell 7.3 percent after the close of regular trading.
Net income was $154.2 million, or $1.74 a share, compared with a net loss of $413.1 million, or $4.74 a share, a year earlier, Tempe, Arizona-based First Solar said today in a statement. Excluding costs related to restructuring, the company earned $2.04 cents a share, exceeding by 27 cents the average estimate of 21 analysts. Sales rose to $1.08 billion from $660.4 million.