First Solar Q2 2024 GAAP EPS $3.25 Beats $2.72 Estimate, Sales $1.01B Beat $941.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Solar (NASDAQ:FSLR) reported Q2 2024 earnings per share (EPS) of $3.25, surpassing the analyst estimate of $2.72 by 19.49%. The company also reported sales of $1.01 billion, exceeding the $941.54 million estimate by 7.27%. This marks a 24.59% increase from the same period last year.
July 30, 2024 | 8:03 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
First Solar reported strong Q2 2024 results, with EPS of $3.25 beating estimates by 19.49% and sales of $1.01 billion exceeding expectations by 7.27%. This represents a 24.59% increase in sales year-over-year.
The strong earnings and sales performance, significantly beating analyst estimates, is likely to positively impact First Solar's stock price in the short term. The year-over-year sales growth further underscores the company's robust performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100