Arizona-based First Solar (NASDAQ: FSLR) is hot.
The company reported a blowout quarter in July, with net income more than doubling in the second quarter and easily beating consensus Street estimates. In Q2, net income was $180.6 million, or $2.11 per share, compared with $69.7 million, or 85 cents per share, a year ago. The word on the Street was for earnings of just $1.65 per share.
Impressively, the company also beat top line estimates, coming in with Q2 revenue of $525.9 million. Analysts had expected a revenue of just $458.1 million.
First Solar shares have had the virtual equivalent of a solar flare since their debut in 2006. This solar stock is well off its all-time high of just under $300, and the shares still are capable of giving investors scorching.
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Reader Comments (Page 1 of 1)
10-03-2009 @ 12:57PM
Don Rivers said...
maybe you should mention that they gave poor guidance and that their stock got crushed.