First Solar After Hours Earnings Short Big Drop After the Closing Bell

 

FSLR First Solar beats by $0.23, beats on revs;

 

Reports Q2 (Jun) earnings of $1.84 per share, $0.23 better than the Thomson Reuters consensus of $1.61. Co issues in-line guidance for FY10 (Dec), sees EPS of 7.00-7.40 vs. $7.12 Thomson Reuters consensus; sees FY10 (Dec) revs of 2.5-2.6 vs. $2.62 bln Thomson Reuters consensus. Lowers CapEx outlook to $575-625 mln, expects FY10 operating cash flow of $575-625 mln.

 

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