First Solar (FSLR) Q2 Earnings Beat Estimates, Sales Rise Y/Y

First Solar, Inc. (FSLR) reported second-quarter 2024 earnings of $3.25 per share, up a solid 104.4% from the prior-year quarter's reported earnings of$ 1.59 per share. The bottom line also beat the Zacks Consensus Estimate of $2.67 by 21.7%. The year-over-year improvement in the bottom line can be attributed to solid sales and gross profit growth, along with lower operating expenses, compared to the prior-year quarter's level. Sales Update First Solar's second-quarter net sales were$ 1.01 billion, which su ...