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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