First Solar (FSLR) Q1 Revenue Tops Views
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Price: $224.57 -3.24%
Revenue Growth %: -2.7%
Financial Fact:
Production start-up: 16.82M
Today's EPS Names:
CRMT, More
Revenue Growth %: -2.7%
Financial Fact:
Production start-up: 16.82M
Today's EPS Names:
CRMT, More
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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.
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