The headline and post are from Tiernan Ray at Barron's Tech Trader Daily:
Shares of First Solar (FSLR) are down $1.70, or 5%, at $34.70, after the company this afternoon reported Q4 revenue and profit per share well below expectations, and cut its outlook for the year.In late after-hours trade the stock is now down 7.23% at $33.77. In other news:
Revenue in the three months ended in December rose 8%, year over year, but fell 34%, quarter to quarter, to $660 million, yielding EPS, excluding some costs, of $1.26.
Analysts had been modeling $773 million and EPS of $1.59....MORE
- First Solar says CEO search "going well"theflyonthewall.com(Tue 5:24PM EST)