First Solar (FSLR) Tops Q4 EPS Expectations; Trims FY16 Revenue Outlook

First Solar (NASDAQ: FSLR) reported Q4 EPS of $1.60, $0.82 better than the analyst estimate of $0.78. Revenue for the quarter came in at $942 million versus the consensus estimate of $929.01 million.

“We exit 2015 with record annual revenues, record new bookings and earnings per share of over five dollars,” said Jim Hughes, CEO of First Solar. “As we look back to the 2015 targets first provided to investors at our Analyst Day nearly three years ago, we recognize that we have achieved the efficiency, cost per watt and earnings targets outlined at that time. We enter 2016 with tremendous technology, a strong pipeline and an ongoing commitment to achieve the long-term objectives we have communicated to our investors.”

GUIDANCE:

First Solar sees FY2016 revenue of $3.8-4.0 billion, versus prior guidance of $3.9-4.1 billion and the consensus of $3.83 billion.

For earnings history and earnings-related data on First Solar (FSLR) click here.

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