UPDATE: First Solar, Inc. (FSLR) Posts Surprise Q1 Loss of 8c/Share; Raises Guidance

(Updated - May 3, 2012 4:08 PM EDT)

First Solar, Inc. (NASDAQ: FSLR) reported Q1 EPS of ($0.08), $0.67 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $497.1 million versus the consensus estimate of $681.5 million.

First Solar raises 2012 guidance for EPS and operating cash flow. Earnings per fully diluted share guidance to $4.00-$4.50, compared to prior guidance of $3.75-$4.25, in each case excluding restructuring and impairment charges, and costs in excess of normal warranty expense. The consensus is $4.07.

Operating cash flow guidance to $850-$950 million, compared to prior guidance of $800-$900 million.

For earnings history and earnings-related data on First Solar, Inc. (FSLR) click here.

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