Courtesy of Benzinga.
First Solar (NASDAQ: FSLR) released its fiscal first-quarter earnings results on Monday after the closing bell.
The company missed consensus EPS estimates, but sales in the quarter came in ahead of analysts’ expectations. In late trading, FSLR was last up around 1 percent to $48.19.
First Solar reported net income of $59.14 million or $0.66.. per share, compared to a loss of $44.42 million or $5.20 per share, in last year’s first-quarter.
On an adjusted basis, earnings were $61.51 million or $0.69 per share. This came up well short of Wall Street consensus EPS estimates of $0.75.
Sales in the period were $755.21 million from $497.06 million last year. This topped analysts’ consensus revenue estimates of $725.26 million.
Looking ahead to the full-year, First Solar reiterated its EPS guidance of $4.00 to $6.00 on revenue of $4.2 billion to $4.8 billion. Currently, analysts expect that First Solar will report EPS of $4.27 on revenue of $3.84 billion for the full-year.
