Plus   Neg

First Solar Raises 2018 Guidance - Quick Facts

First Solar, Inc. (FSLR) has raised its 2018 revenue, EPS, and net cash guidance as a result of revised systems project sale timing, increased Series 4 production, the expected sale of 8point3 and other developments. Earnings per share are now projected to be in the range of $1.50 to $1.90, up from prior guidance range of $1.25 to $1.75. Net sales are now expected in a range of $2.45 to $2.65 billion, revised from prior guidance of $2.3 to $2.5 billion.

The company reported a fourth-quarter GAAP loss per share of $4.14. The results included charges of $408 million, or $3.91 per share, from U.S. tax reform. Non-GAAP loss per share was $0.25, for the fourth quarter. Net sales for the fourth quarter were $339 million. The company said its fourth quarter net sales were slightly lower than guidance as a result of certain foreign project sales that are now expected to be recognized in 2018.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
MillerCoors LLC has filed a lawsuit against Anheuser-Busch Companies LLC, part of Anheuser-Busch InBev, alleging that Anheuser-Busch's ad campaigns associating MillerCoors' products, Miller Lite and Coor Light, with corn syrup is "false and misleading." During the Super Bowl, ABInBev ran an advertising campaign that mocked Miller Lite and Coors Light use corn syrup in brewing. Shares of Biogen Inc. are falling almost 28 percent in Thursday's trading after the company and Japanese drugmaker Eisai Co. said they will discontinue two late-stage trials for their experimental Alzheimer's drug, Aducanumab. The two Phase 3 trials, ENGAGE and EMERGE, are multi-center, randomized, double-blind, placebo-controlled, parallel-group studies designed to evaluate Aducanumab. The European Union on Wednesday ordered Alphabet Inc.'s Google to pay an antitrust fine of 1.49 billion euros for abusing its dominant position in the online search advertising intermediation market by preventing competition. This is the third antitrust fine by the EU against Google and it represents 1.29 percent of the tech giant's turnover in 2018.
Follow RTT