The stock is getting spanked in after-hours action, down $9.97 (6.6%)
We'l have some comments on the earnings call tomorrow.
Here's Barron's Tech Trader Daily:
And 24/7 Wall Street:
First Solar (FSLR) shares are taking a hit in after hours trading, despite better-than-expected Q3 results.
For the quarter, the company reported revenue of $798 million and profits of $2.04 a share, ahead of the Street at $778.8 million and $1.95. First Solar noted that latest quarter results include a one-time tax hit of 17 cents a share related to the repatriation of $300 million of profits from profits held in overseas subsidiaries; excluding that factor profits would have been $2.21 a share.
For all of 2010, First Solar now sees revenue of $2.58 billion to $2.61 billion, up from previous guidance of $2.5 billion to $2.6 billion; the Street had been expecting $2.58 billion....MORE