FIRST SOLAR (FSLR) 121.18 $0.05 (0.04%) 09:36PM (15 mins delay)

First Solar: Ups and Downs

Oct 30, 2009 - 11:51 AM EDT

Zacks.com submits:

First Solar Inc. (FSLR) swept past Zacks Consensus earning per share (EPS) estimate of $1.73 by 6 cents to $1.79 in the third quarter of fiscal 2009. However, it rose 59 cents over the year-ago figure of $1.20 in the third quarter of fiscal 2008. (See earnings call transcript.)

First Solar’s revenues rose to $480.9 million in the reported quarter from $348.7 million in the year-ago quarter. However it came a cropper when compared to the previous quarter revenue of $525.9 million. The downside was due to increased module shipments to Sarnia project, the reduction in pricing driven by the rebate program and the lower blend of foreign exchange rate of approximately $11 million.

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Source: Seeking Alpha (Oct 30, 2009 - 11:51 AM EDT)