First Solar Stock Sinks After Worse-Than-Expected Q3 Results, Cut FY24 Guidance
Portfolio Pulse from Erica Kollmann
First Solar, Inc. (NASDAQ:FSLR) reported disappointing Q3 results, missing both earnings and revenue estimates. The company also lowered its FY24 guidance, leading to a 4.84% drop in after-hours trading.
October 29, 2024 | 9:14 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
First Solar reported Q3 earnings of $2.91 per share, missing the $3.13 estimate, and revenue of $887.67 million, below the $1.07 billion estimate. The company also cut its FY24 guidance, leading to a 4.84% drop in after-hours trading.
The missed earnings and revenue estimates, along with the reduced FY24 guidance, indicate potential challenges for First Solar, leading to a negative market reaction with a 4.84% drop in after-hours trading.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100