PHOENIX (AP) — PHOENIX (AP) — First Solar Inc. (FSLR) on Thursday reported second-quarter net income of $422.6 million.

On a per-share basis, the Phoenix-based company said it had net income of $3.92.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.74 per share.

The largest U.S. solar company posted revenue of $1.06 billion in the period, matching Street forecasts.

First Solar expects full-year revenue in the range of $4.9 billion to $5.2 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSLR at https://www.zacks.com/ap/FSLR