The Tempe, Arizona-based company said it had profit of 50 cents per share. Earnings, adjusted for restructuring costs, were 64 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The largest U.S. solar company posted revenue of $623.3 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $535.5 million.
Google finance shows After Hours: 49.50 +4.69 (10.47%).
Congrats to those of us who put faith into FSLR.
Submitted July 28, 2017 at 04:03AM by qvrock http://ift.tt/2uE25s7
