Investing.com - First Solar (NASDAQ:FSLR) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
First Solar announced earnings per share of $-0.46 on revenue of $629.00. Analysts polled by Investing.com anticipated EPS of $-0.20 on revenue of $736.04M.
First Solar shares are down 33% from the beginning of the year and are trading at $117.75 , down-from-52-week-high.
First Solar shares lost 10.24% in after-hours trade following the report.
First Solar follows other major Information Technology sector earnings this month
First Solar's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
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