Tuesday, February 28, 2012

"First Solar Q4 Misses By a Mile, Cuts Year View" (FSLR)

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.

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
In late after-hours trade the stock is now down 7.23% at $33.77. In other news: