From Tech Trader Daily:
Solar energy technology provider First Solar (FSLR) this afternoon reported Q2 revenue and earnings per share substantially below estimates, and cut its revenue and profit outlook for the year.
Revenue in the three months ended in June rose to $533 million, yielding EPS of 70 per share.
Analysts on average were expecting $582 million and 92 cents per share.
Results were affected primarily by lower selling prices for solar modules, the company said....MORE