First Solar Q3 2024 GAAP EPS $2.91 Misses $3.13 Estimate
Portfolio Pulse from Benzinga Newsdesk
First Solar reported Q3 2024 earnings per share of $2.91, missing the analyst estimate of $3.13. Sales were $887.67 million, below the expected $1.07 billion, but up 10.81% from last year.
October 29, 2024 | 8:08 pm
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NEGATIVE IMPACT
First Solar's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $2.91 and sales at $887.67 million. Despite the miss, sales increased by 10.81% year-over-year.
First Solar's earnings and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales growth of 10.81% may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100