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

Posted by Tate Dwinnell | # |
04:21:58 pm on February 18, 2010

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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