First Solar profit falls on impairment charge

Tue Feb 25, 2014 4:20pm EST

Feb 25 (Reuters) - U.S. solar company First Solar Inc's net income fell 58 percent, hurt mainly by a charge related to a write-down of the value of an idle facility in Vietnam.

First Solar shares slumped 11 percent after the bell.

The company's net income fell to $65.2 million, or 64 cents per share, in the fourth quarter ended Dec.31, from $154.2 million, or $1.74 per share, a year ago.

Total sales fell 29 percent to $768 million, mainly due to lower revenue from its solar projects business.

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Comments (4)
YONATAN wrote:
WHAT IS THE GOVERNMENT PLANNING TO DO ABOUT THE OVER TWO MILLION UNEMPLOYED WORKERS THAT HAVE RUN OUT OF BENEFITS SINCE LAST DECEMBER, WHEN THE REPUBLICANS VOTED DOWN THE UNEMPLOYMENT EXTENSION, WHICH THESE WORKERS WERE DEPENDING ON TO PROVIDE FOR THEIR FAMILIES? IT SEEMS THAT THERE HAS BEEN NO ACTION IN TRYING TO RESOLVE THIS UNFORTUNATE ISSUE. PEOPLE ARE HURTING IN THIS COUNTRY. HOW CAN THE REPUBLICAN PARTY USE THESE VICTEMS AS A POLITICAL TOOL TO FURTHER THEIR AGENDA? WHY IS IT EASY FOR THEM TO APPROVE CORPORATE WELFARE AND FOREIGN AID, BUT VOTE DOWN THE NEEDED EXTENSION FOR THESE FAMILIES? WHAT HAPPENED TO THE REPUBLICAN PLATFORM ON “FAMILY VALUES” ? IS THIS MOTTO JUST FOR THE ONE PERCENT IN THIS COUNTRY ONLY? SHAME ON THE GOVERNEMT FOR NOT APPROVING THIS MUCH NEEDED FINANCIAL ASSISTANCE TO THOSE WORKERS IN REAL NEED. I’M SURE THAT THE PUBLIC WILL REMEMBER WHICH POLITICAL PARTY HELPED THEM IN TIMES OF CRISIS, AND WHICH CHOSE TO LOOK THE OTHER WAY.

Feb 25, 2014 4:29pm EST  --  Report as abuse
YONATAN wrote:
WHAT IS THE GOVERNMENT PLANNING TO DO ABOUT THE OVER TWO MILLION UNEMPLOYED WORKERS THAT HAVE RUN OUT OF BENEFITS SINCE LAST DECEMBER, WHEN THE REPUBLICANS VOTED DOWN THE UNEMPLOYMENT EXTENSION, WHICH THESE WORKERS WERE DEPENDING ON TO PROVIDE FOR THEIR FAMILIES? IT SEEMS THAT THERE HAS BEEN NO ACTION IN TRYING TO RESOLVE THIS UNFORTUNATE ISSUE. PEOPLE ARE HURTING IN THIS COUNTRY. HOW CAN THE REPUBLICAN PARTY USE THESE VICTEMS AS A POLITICAL TOOL TO FURTHER THEIR AGENDA? WHY IS IT EASY FOR THEM TO APPROVE CORPORATE WELFARE AND FOREIGN AID, BUT VOTE DOWN THE NEEDED EXTENSION FOR THESE FAMILIES? WHAT HAPPENED TO THE REPUBLICAN PLATFORM ON “FAMILY VALUES” ? IS THIS MOTTO JUST FOR THE ONE PERCENT IN THIS COUNTRY ONLY? SHAME ON THE GOVERNEMT FOR NOT APPROVING THIS MUCH NEEDED FINANCIAL ASSISTANCE TO THOSE WORKERS IN REAL NEED. I’M SURE THAT THE PUBLIC WILL REMEMBER WHICH POLITICAL PARTY HELPED THEM IN TIMES OF CRISIS, AND WHICH CHOSE TO LOOK THE OTHER WAY.

Feb 25, 2014 4:29pm EST  --  Report as abuse
YONATAN wrote:
WHAT IS THE GOVERNMENT PLANNING TO DO ABOUT THE OVER TWO MILLION UNEMPLOYED WORKERS THAT HAVE RUN OUT OF BENEFITS SINCE LAST DECEMBER, WHEN THE REPUBLICANS VOTED DOWN THE UNEMPLOYMENT EXTENSION, WHICH THESE WORKERS WERE DEPENDING ON TO PROVIDE FOR THEIR FAMILIES? IT SEEMS THAT THERE HAS BEEN NO ACTION IN TRYING TO RESOLVE THIS UNFORTUNATE ISSUE. PEOPLE ARE HURTING IN THIS COUNTRY. HOW CAN THE REPUBLICAN PARTY USE THESE VICTEMS AS A POLITICAL TOOL TO FURTHER THEIR AGENDA? WHY IS IT EASY FOR THEM TO APPROVE CORPORATE WELFARE AND FOREIGN AID, BUT VOTE DOWN THE NEEDED EXTENSION FOR THESE FAMILIES? WHAT HAPPENED TO THE REPUBLICAN PLATFORM ON “FAMILY VALUES” ? IS THIS MOTTO JUST FOR THE ONE PERCENT IN THIS COUNTRY ONLY? SHAME ON THE GOVERNEMT FOR NOT APPROVING THIS MUCH NEEDED FINANCIAL ASSISTANCE TO THOSE WORKERS IN REAL NEED. I’M SURE THAT THE PUBLIC WILL REMEMBER WHICH POLITICAL PARTY HELPED THEM IN TIMES OF CRISIS, AND WHICH CHOSE TO LOOK THE OTHER WAY.

Feb 25, 2014 4:29pm EST  --  Report as abuse
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