First Solar (FSLR) Q1 Earnings Beat Estimates, Sales Rise Y/Y

Zacks05-02

First Solar, Inc. FSLR reported first-quarter 2024 earnings of $2.20 per share, up a massive 450% from the prior-year quarter’s reported earnings of 40 cents per share. The bottom line beat the Zacks ...

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The bottom line beat the Zacks ...</p>\n\n<a href=\"https://finance.yahoo.com/news/first-solar-fslr-q1-earnings-135900649.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Solar (FSLR) Q1 Earnings Beat Estimates, Sales Rise Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Solar (FSLR) Q1 Earnings Beat Estimates, Sales Rise Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 21:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/first-solar-fslr-q1-earnings-135900649.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>First Solar, Inc. FSLR reported first-quarter 2024 earnings of $2.20 per share, up a massive 450% from the prior-year quarter’s reported earnings of 40 cents per share. The bottom line beat the Zacks ...</p>\n\n<a href=\"https://finance.yahoo.com/news/first-solar-fslr-q1-earnings-135900649.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FSLR","symbol_name":"第一太阳能","start_time":0,"source_url":"https://finance.yahoo.com/news/first-solar-fslr-q1-earnings-135900649.html","article_id":"2432989532","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/4KI5Wtej6dq_JO9ULHdG1Q--~B/aD0zNDk7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/c5d91eebf435c69299757ff4ed77ddd1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432989532","pubTimestamp":1714658340,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"First Solar, Inc. FSLR reported first-quarter 2024 earnings of $2.20 per share, up a massive 450% from the prior-year quarter’s reported earnings of 40 cents per share. The bottom line beat the Zacks Consensus Estimate of $1.90 by 15.8%.First Solar, Inc. Price, Consensus and EPS Surprise. First Solar, Inc. price-consensus-eps-surprise-chart | First Solar, Inc. Quote. First Solar’s first-quarter net sales were $794.1 million, which surpassed the Zacks Consensus Estimate of $715 million by 11.1%. The top line also improved 44.8% from the year-ago quarter’s $548.3 million.First Solar currently carries a Zacks Rank #3 . You can see the complete list of today’s Zacks #1 Rank  stocks here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FSLR":"第一太阳能"},"translate_title":"First Solar（FSLR）Q1盈利超出预期，销售额同比增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FSLR":1},"content_text":"First Solar, Inc. FSLR reported first-quarter 2024 earnings of $2.20 per share, up a massive 450% from the prior-year quarter’s reported earnings of 40 cents per share. The bottom line beat the Zacks Consensus Estimate of $1.90 by 15.8%.\n\nFirst Solar, Inc. Price, Consensus and EPS Surprise  \nFirst Solar, Inc. price-consensus-eps-surprise-chart | First Solar, Inc. Quote\n\nSales Update\nFirst Solar’s first-quarter net sales were $794.1 million, which surpassed the Zacks Consensus Estimate of $715 million by 11.1%. The top line also improved 44.8% from the year-ago quarter’s $548.3 million. \nOperational Highlights\nIn the first quarter, the company’s gross profit was $346 million, which improved a solid 208.8% from $112.1 million in the year-ago quarter.Total operating expenses increased 10.6% year over year to $104 million due to higher research and development costs as well as selling, general and administrative expenses.FSLR reported an operating income of $243.1 million compared with an operating income worth $18 million in the year-ago quarter.\nFinancial Performance\nFirst Solar had $1.68 billion in cash and cash equivalents as of Mar 31, 2024, down from $1.95 billion as of Dec 31, 2023.The long-term debt totaled $418.7 million as of Mar 31, 2024 compared with $464.1 million as of Dec 31, 2023.\n2024 Guidance\nFirst Solar reiterated the majority of its 2024 guidance. FSLR still expects to generate earnings in the range of $13-$14 per share for 2024. The Zacks Consensus Estimate for FSLR’s 2024 earnings is pegged at $13.57 per share, higher than the midpoint of the company’s guided range.FSLR continues to project its sales in the range of $4.4-$4.6 billion in 2024. The Zacks Consensus Estimate for the same is pegged at $4.5 billion, which is in line with the midpoint of the company’s guided range.First Solar still expects gross profit in the band of $2.0-$2.1 billion. Its operating income is anticipated in the $1.5-$1.6 billion range.Meanwhile, the company still expects module shipments in the band of 15.6-16.3 gigawatts in 2024. First Solar increased its 2024 capital expenditure guidance to the range of $1.8-$2.0 billion from its earlier guided range of $1.7-$1.9 billion.\nZacks Rank\nFirst Solar currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nRecent Solar Releases\nEnphase Energy, Inc. ENPH reported first-quarter 2024 adjusted earnings of 35 cents per share, highlighting a 74.5% decline from $1.37 reported in the prior-year quarter. The bottom line also lagged the Zacks Consensus Estimate of 42 cents per share by 16.7%.ENPH’s first-quarter revenues of $263.3 million missed the Zacks Consensus Estimate of $284 million. The top line also declined 63.7% from the prior-year quarter’s reported figure of $726 million.Sunnova Energy NOVA reported a first-quarter 2024 loss of 57 cents per share, highlighting an improvement from the loss of 70 cents per share reported in the prior-year quarter. The bottom line also came in narrower than the Zacks Consensus Estimate loss of 79 cents per share.NOVA’s first-quarter revenues of $160.9 million missed the Zacks Consensus Estimate of $198 million. The top line also slipped 0.5% from the prior-year quarter’s reported figure of $161.7 million.JinkoSolar Holding JKS reported first-quarter 2024 earnings per American Depositary Share of 74 cents per share, down from $2.18 reported in the prior-year quarter. The Zacks Consensus Estimate for earnings was pegged at a loss of 44 cents per share.JKS’ first-quarter revenues of $3.19 billion missed the Zacks Consensus Estimate of $3.27 billion. The top line also slipped 5.9% from the prior-year quarter’s reported figure of $3.39 million. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nJinkoSolar Holding Company Limited (JKS) : Free Stock Analysis Report\nFirst Solar, Inc. (FSLR) : Free Stock Analysis Report\nEnphase Energy, Inc. (ENPH) : Free Stock Analysis Report\nSunnova Energy International Inc. (NOVA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432989532"}