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..