Wednesday, October 28, 2009

First Solar: "Q3 Sales Miss, Shares Down 11%" (FSLR)

The stock is down a further three bucks at $129.
Following up on the bare bones "First Solar: OOPS! Earnings (FSLR)" is Barron's Tiernan Ray.
From Tech Trader Daily:

Solar energy technology provider First Solar (FSLR) this evening reported Q3 sales short of estimates and a lackluster outlook for the rest of the year’s revenue.

Revenue rose 38% to $480.9 million yielding profit per share of $1.79. The revenue number is well below the average estimate for $528.8 million, while EPS was above the consensus $1.74 in EPS.

For the year, the company forecast $1.98 billion to $2.03 billion in revenue, slightly below the $2 billion average estimate....MORE