First Solar (NASDAQ: FSLR) reported Q1 EPS of $1.96, $0.98 better than the analyst estimate of $0.98. Revenue for the quarter came in at $803 million versus the consensus estimate of $772.88 million.

“We delivered strong operational and financial results for the first quarter, and demand for our Series 6 technology continues to be robust,” said Mark Widmar, CEO of First Solar. “The dedication we continue to witness from our associates enabled us to deliver module segment gross margin in line with our first quarter guidance, complete the sales of our Sun Streams 2, 4, and 5 projects, and close the U.S. project development and North American O&M sales. This, coupled with manufacturing execution, enabled us to deliver solid EPS in the first quarter.”

GUIDANCE:

First Solar maintains FY2021 EPS of $4.05-$4.75, versus the consensus of $4.37.

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