27.07.2023 22:16:13
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First Solar, Inc. Bottom Line Advances In Q2, Beats estimates
(RTTNews) - First Solar, Inc. (FSLR) announced a profit for its second quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $170.58 million, or $1.59 per share. This compares with $55.81 million, or $0.52 per share, in last year's second quarter.
Analysts on average had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 30.6% to $810.67 million from $620.96 million last year.
First Solar, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $170.58 Mln. vs. $55.81 Mln. last year. -EPS (Q2): $1.59 vs. $0.52 last year. -Analyst Estimate: $0.96 -Revenue (Q2): $810.67 Mln vs. $620.96 Mln last year.
-Guidance: Full year EPS guidance: $7.00 to $8.00 Full year revenue guidance: $3.4B to $3.6B
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