Wednesday, April 29, 2009

First Solar 1Q profit triples (FSLR)

The stock closed up $5.o1 during the regular session. In early after-hours trade it is up an additional $11.54 at $163.21.
From the AP:
First Solar Inc., the nation's largest solar panel maker, says its profit more than tripled in the first quarter despite tightened bank lending that has made it tough to fill orders....
From Reuters:

First Solar profit, revenue top Street, shares up

*First Solar Q1 EPS $1.99 vs $1.51 estimate

*Revenue more than doubled to $418.2 mln, above estimates

*Shares rise 5 percent in extended trade

LOS ANGELES, April 29 (Reuters) - First Solar Inc (FSLR.O) on Wednesday reported quarterly earnings and revenue that topped Wall Street estimates, sending the U.S. solar company's shares up 5 percent in extended trade....MORE