First Solar Inc.: Third quarter earnings preview 2009

First Solar Inc. is scheduled to report third-quarter results after the market close on Wednesday, October 28, 2009. Analysts, on average, currently expect the company to report earnings of $1.70 a share on revenue of $525 million. In the year ago quarter, the company reported earnings of $1.20 per share on revenue of $349 million.First Solar Inc. engages in the design, manufacture, and sale of solar electric power modules using a proprietary thin film semiconductor technology. The company makes cadmium telluride glass substrate based thin film photovoltaic panels.The Tempe, Ariz.-based company's net income for the second quarter jumped to $180.60 million or $2.11 per share from $69.70 million or $0.85 per share in the prior-year quarter. Revenue at the solar-power-modules manufacturer almost doubled to $525.9 million. Analysts, on average, expected the company to earn $1.62 per share on revenue of of $459.12 million, according to an Oct. 26 iStockAnalyst report.

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