First Solar: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 03:05 AM ET
Last Updated - Jul 31, 2024, 03:05 AM EDT
TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — First Solar Inc. (FSLR) on Tuesday reported second-quarter profit of $349.4 million.
The Tempe, Arizona-based company said it had profit of $3.25 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share.
The largest U.S. solar company posted revenue of $1.01 billion in the period, also surpassing Street forecasts. Twelve analysts surveyed by Zacks expected $946.2 million.
