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First Solar (FSLR) Tops Q4 EPS by 6c, Offers Guidance

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February 22, 2018 4:04 PM EST

First Solar (NASDAQ: FSLR) reported Q4 EPS of ($0.25), $0.06 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $339.2 million versus the consensus estimate of $459.92 million.

The Company raised its 2018 revenue, EPS, and net cash guidance for the year as a result of revised systems project sale timing, increased Series 4 production, the expected sale of 8point3 and other developments.

2018 GAAP Guidance Prior Current
Net Sales $2.3B to $2.5B $2.45B to $2.65B
Gross Margin %1 22% to 23% 21.5% to 22.5%
Operating Expenses2 $400M to $410M Unchanged
Operating Income $110M to $170M $130M to $180M
Earnings per Share $1.25 to $1.75 $1.50 to $1.90
Net Cash Balance3 $1.6B to $1.8B $2.1B to $2.3B
Operating Cash Flow $100M to $200M Unchanged
Capital Expenditures $650M to $750M $700M to $800M
Shipments 2.7GW to 2.8GW 2.9GW to 3.0GW

(Street sees FY EPS of 1.51 on revenue of $2.44 billion)

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


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