First Solar (FSLR) Q1 Earnings and Revenues Miss Estimates

Core Viewpoint - First Solar reported quarterly earnings of $1.95 per share, missing the Zacks Consensus Estimate of$2.50 per share, representing a -22% earnings surprise [1] - The company posted revenues of $844.57 million for the quarter, slightly missing the consensus estimate by 0.73$2.20 a year ago to $1.95 this quarter [1] - Revenue increased from$794.11 million in the same quarter last year to $844.57 million [2] - Over the last four quarters, First Solar has surpassed consensus EPS estimates only once [2] Stock Performance - First Solar shares have declined approximately 20.2$4.19, with expected revenues of $1.24 billion [7] - For the current fiscal year, the consensus EPS estimate is$18.22 on revenues of $5.48 billion [7] - The solar industry is currently ranked in the bottom 23% of Zacks industries, which may impact stock performance [8]