UPDATE III: "First Solar: "Sees Q4 Margin Erosion" and "...Battles Rising Receivables" (FSLR)"
For those keeping track this is update II, following "First Solar: "Q3 Sales Miss, Shares Down 11%" (FSLR)".
From Dow Jones Newswires:
First Solar Inc.'s (FSLR) third-quarter profit jumped 54% as the thin-film solar-power modules maker posted higher revenue, but margins slumped on pricing pressures....
...Analysts surveyed by Thomson Reuters projected earnings of $1.74 on revenue of $529 million.
Gross margin slumped to 50.9% from 56.1%. The company has said it won't be able to avoid pricing pressures afflicting its rivals--and in July said it expected margins to fall due to more system installation in North America and a rebate program....MORE