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

Loading...
Loading...
First Solar, Inc.
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%.
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsIntraday UpdateMoversElectrical Components & EquipmentIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...