First Solar Inc on Thursday reported quarterly profit and sales that topped Wall Street estimates and raised its revenue and earnings outlook for the year due to lower costs, strong demand for its solar products and systems and a tax benefit.
The U.S. solar panel maker and project developer posted a second-quarter net profit of $52 million, or 50 cents per share, compared with a net loss of $11.4 million, or 11 cents per share, a year ago.
