First Solar (FSLR) Posts Q3 EPS of $2.25; Comments on CEO Departure; Guides FY11 Well Below Street
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Price: $56.20 +2.39%
EPS Growth %: +962.5%
Financial Fact:
Production start-up: 1.38M
Today's EPS Names:
MGT, RXN, KID, More
EPS Growth %: +962.5%
Financial Fact:
Production start-up: 1.38M
Today's EPS Names:
MGT, RXN, KID, More
Trade FSLR Now!
First Solar, Inc. (NASDAQ: FSLR) reported Q3 EPS of $2.25, versus the analyst estimate of $2.64. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.01 billion.
With respect to Rob Gillette's departure, Ahearn said, "We thank Rob for his service, but the Board of Directors believes First Solar needed a leadership change to navigate through the industry turmoil and achieve our long-term goals."
First Solar, Inc. sees FY2011 EPS of $6.50-$7.50, versus the consensus of $8.84. First Solar, Inc. sees FY2011 revenue of $3.0-$3.3 billion, vs. the consensus of $3.59 billion.
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With respect to Rob Gillette's departure, Ahearn said, "We thank Rob for his service, but the Board of Directors believes First Solar needed a leadership change to navigate through the industry turmoil and achieve our long-term goals."
First Solar, Inc. sees FY2011 EPS of $6.50-$7.50, versus the consensus of $8.84. First Solar, Inc. sees FY2011 revenue of $3.0-$3.3 billion, vs. the consensus of $3.59 billion.
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Rev
Richard on Oct 26, 2011 08:26 AMMark as Spam | Reply to this comment
I would hope their FY2011 Rev projections were in Billions not Millions, otherwise the company should be trading at a dollar.