First Solar Q1 2024 GAAP EPS $2.20 Beats $1.97 Estimate, Sales $794.000M Beat $702.175M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Solar (FSLR) reported Q1 2024 earnings of $2.20 per share, surpassing the $1.97 estimate, with sales of $794M beating the $702.175M forecast. This represents a 44.81% increase in sales compared to the same period last year.
May 01, 2024 | 8:03 pm
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POSITIVE IMPACT
First Solar reported Q1 2024 earnings of $2.20 per share and sales of $794M, exceeding estimates and showing significant year-over-year growth.
First Solar's earnings and sales for Q1 2024 significantly exceeded analyst estimates, indicating strong operational performance and market demand. The substantial year-over-year sales growth further underscores the company's positive momentum. This performance is likely to instill investor confidence and could lead to a positive short-term impact on FSLR's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100