First Solar, Inc. (FSLR) Tops Earnings Estimates, Stock Jumps

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First Solar, Inc. (FSLR) Tops Earnings Estimates, Stock Jumps

First Solar, Inc. (NASDAQ:FSLR) revealed its earnings numbers for the first three months of 2014 this afternoon after the bell rang in New York. The company showed earnings per share of $1.10 for the three-month period on revenue totaling $950 million. On Tuesday’s market shares in the company were impacted by wider pessimism, and lost more than 1% of their value. The company’s stock finished trading at $67.45.

Analysts were expecting First Solar, Inc. (NASDAQ:FSLR) to show a decline in earnings in this afternoon’s report. A Businessweek survey of 15 analysts following the company found a consensus forecast of 52 cents per share in earnings. Revenue was projected by the same group of analysts to come in at $837 million for the three months that opened the year. In the first quarter of 2013 First Solar earned 69 cents per share on revenue of $659 million.

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