Shares of First Solar Inc. fell 2% late Thursday after the solar-panel maker and developer reported a narrower-than-expected adjusted per-share loss in the fourth quarter but missed quarterly sales expectations. First Solar said it lost $432 million, or $4.14 a share, in the quarter, compared with a loss of $751 million, or $7.22 a share, in the year-ago period. Adjusted for one-time items, First Solar lost 25 cents a share in the quarter, versus earnings of $1.24 a share a year ago. Revenue rose $339 million, compared with $331 million a year ago, “slightly lower than guidance as a result of certain foreign project sales that are now expected to be recognized in 2018,” the company said in a statement. Analysts polled by FactSet had expected an adjusted loss of 30 cents a share on sales of $436 million.
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