The Tempe-based solar panel manufacturer and distributor reported revenues of $544 million versus $785.88 million forecast.
Adjusted earnings per share of $0.04. Bloomberg said that figure may not be comparable with analysts' estimates.
The firm now claims to have created the highest efficiency thin film photovoltaic cell on record, at 21%.
First Solar chalked up the revenue miss to delayed recognition of a project from last quarter, as well as project delays this quarter. Some revenue will now be deferred to the second half of the year, it said.
More to come...