First Solar Misses By Six (6) Cents; Beats On Revenues

First Solar misses by $0.06, beats on revs; reaffirms FY13 EPS guidance, revs guidance47.69 +1.69 : Reports Q1 (Mar) earnings of $0.69 per share, excluding non-recurring items, $0.06 worse than the Capital IQ Consensus Estimate of $0.75; revenues rose 51.9% year/year to $755 mln vs the $725.99 mln consensus.

Reuters story here. 

First Solar Inc reported a first-quarter profit compared to a loss in the previous year, helped by higher sales of third-party solar modules, and the company backed its full-year outlook.

The company posted a net profit of $59.1 million, or 66 cents per share for the first quarter. This compares to a loss of $449.4 million, or $5.20 per share, in the year-ago period, which included $444 million in restructuring charges and costs in excess of normal warranty.

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