First
Solar,
the
largest
US
panel
supplier,
had
$196.5m
net
income
a
year
earlier
on
$1bn
sales.
Restructuring
changes
in
the
quarter
were
$24.2m
versus
none
a
year
earlier.
Compared
with
the
second
quarter,
third
quarter
net
income
was
down
21%
and
sales
off
12%.
"Despite
continued
uncertainties
and
over-supply
conditions
in
the
market,
First
Solar
delivered
another
strong
quarterly
performance,"
says
chief
executive
Jim
Hughes.
"Our
quarterly
performance
coupled
with
our
recent
project
wins
in
sustainable
markets
demonstrates
we
are
making
meaningful
progress
in
achieving
our
strategic
plan
for
long-term
growth
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