First Solar (FSLR) Beats Lowered Expectations, Maintains Guidance But Under Pressure

First Solar (FSLR) has just reported earnings results and they are impressive at least compared to very conservative analyst estimates.  The company smashed EPS estimates of 1.49/share and the whisper number of 1.42/share by posting 1.65/share, but that is a decrease from last quarter and just a hair above the year ago quarter.  Revenues were more impressive at $640 million which is a nearly 50% bump from the year ago quarter and 30% higher than last quarter.  So, while FSLR beat by a decent margin, it appears traders were looking for more as the stock remains under a bit of pressure after hours.

For the full year 2010, the company sees EPS in the range of 6.05 – 6.85 vs the consensus of 6.37 on revenues of $2.7 – 2.9 billion, vs the estimates of $2.7 billion. 

Shares are off about 3% in after hours trading.  More on First Solar’s quarter tonight or in the morning..

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