First Solar Earnings

First Solar (FSLR) is trading lower after hours despite better-than-consensus Q4 results.

FSL reported Q4 revenue of $641.3 million, up from $408.9 million in Q3 and $433.7 million a year ago, and ahead of the Street at $581.4 million. EPS of $1.65 a share was ahead of the Street at $1.52.

The company repeated its previous guidance for 2010: revenue of $2.7 billion to $2.9 billion, with EPS of $6.06 to $6.85 a share. The company expects cap ex this year of $500 million to $550 million.

In a presentation prepared for this afternoon’s conference call with the Street, the company said global supply will likely exceed demand in the second half of the year, and that silicon module pricing is likely to decline further in the second half.

Labels: Earnings, First Solar Inc, FSLR, Solar Stocks

posted by Ertai at 10:42 PM