First Solar (FSLR) Q1 Revenue Tops Views
First Solar (NASDAQ: FSLR) reported Q1 EPS of $0.78, may not compare to the analyst estimate of ($0.07). Revenue for the quarter came in at $567 million versus the consensus estimate of $421.24 million.
The Company lowered its 2018 net cash guidance by $100 million primarily as a result of higher capital expenditures for additional Series 6 capacity.
| 2018 GAAP Guidance | Current | ||
| $2.45B to $2.65B | Gross Margin %1 | Unchanged | |
| $400M to $410M | Operating Income | Unchanged | |
| $1.50 to $1.90 | Net Cash Balance3 | $2.0B to $2.2B | |
| $100M to $200M | Capital Expenditures | $850M to $950M | |
| 2.9GW to 3.0GW | Unchanged |
For earnings history and earnings-related data on First Solar (FSLR) click here.