First Solar Inc. (FSLR) reported first quarter adjusted EPS of $0.69 after the bell Monday, which fell short of the consensus estimate of $0.75. Revenues increased to $755.21 million from $497.06 million last year. Analysts expected revenues of $725.26 million.
The company maintained its full-year EPS target range of $4.00 to $6.00. The consensus estimate is for EPS of $4.27. The stock is now up 0.76 on 955K shares.
First Solar posted gains in early trade Monday and took out the highs of the day around the middle of the afternoon. Shares finished up by 1.69 at $47.69. The stock has been gaining ground for the last month and set a new high for the year.
For comments and feedback: editorial@rttnews.com