First Solar (FSLR) Tops Q1 EPS by 38c, Beats on Revenue; Raises FY17 Guidance on EPS, Op. Cash Flow, Net Cash

First Solar (NASDAQ: FSLR) reported Q1 EPS of $0.25, $0.38 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $892 million versus the consensus estimate of $667.8 million.

GUIDANCE:

First Solar sees Q2 2017 EPS of $0.50-$0.75, versus the consensus of $0.32. First Solar sees Q2 2017 revenue of $2.85-2.95 million, versus the consensus of $2.78 million.

• Net sales of $892 million
• GAAP EPS of $0.09 and non-GAAP EPS of $0.25
• Cash and marketable securities of $2.4 billion, net cash of $2.2 billion
• Raises 2017 revenue, EPS, operating cash flow and net cash guidance

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

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