FSLR - First Solar GAAP EPS of $0.40 misses by $0.62 revenue of $548.29M misses by $168.37M
2023-04-27 16:11:40 ET
- First Solar press release ( NASDAQ: FSLR ): Q1 GAAP EPS of $0.40 misses by $0.62 .
- Revenue of $548.29M (+49.4% Y/Y) misses by $168.37M .
- Net cash balance of $2.0 billion
- YTD net bookings of 12.1 GW DC ; 4.8 GW DC since fourth quarter earnings call at an average selling price of $0.318 per watt
- Expected volume sold backlog of 71.6 GW.
- 2023 Outlook: Net Sales $3.4B to $3.6B; EPS $7.00 to $8.00; Gross Margin $1.2B to $1.3B; Capital Expenditures $1.9B to $2.1B; Volume Sold 11.8GW to 12.3GW.
- Shares -3.15% .
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First Solar GAAP EPS of $0.40 misses by $0.62, revenue of $548.29M misses by $168.37M