LOS ANGELES Feb 26 U.S. solar company First
Solar Inc on Tuesday reported a quarterly profit,
reversing a year-ago loss, due to fewer restructuring costs and
strong sales related to a California utility-scale project.
Net income was $154.2 million, or $1.74 per share, compared
with a loss of $485.3 million, or $4.78 per share, a year ago.
Excluding one-time items, First Solar earned $2.04 per
share. Wall Street analysts, on average, had been expecting
$1.75 per share, according to Thomson Reuters I/B/E/S.
Net sales were $1.08 billion, up from $660.4 million a year