First Solar (FSLR) Lost More Than 5% In The After Hours - First Solar (NASDAQ:FSLR)

27% profit every 20 days?

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First Solar, Inc. (NASDAQ: FSLR) is trading more than 5% lower in the after hours, after it posted earnings results. FSLR reported net profit of $177 million, or $2.04 per share, which is 16% higher than last year's $153 million, or $1.79 per share. Analysts expected $1.95 per share. Net sales were $797.9 million, and in the same period last year it had $480.9, which is an increase of 66%. FSLR raised its full year profit forecast from $7.00-$7.40 per share to $7.50-$7.65 per share..Lower gross profit margin could be the reason for the sell off in the after hours. In Q3 2009 it reported a gross profit margin of 50%, and in Q3 2010 its gross profit margin is 40%.

27% profit every 20 days?

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