First Solar (FSLR) Q2 Earnings Beat Estimates, Sales Rise Y/Y
FSLRFirst Solar(FSLR) ZACKS·2024-07-31 23:21

First Solar, Inc. (FSLR) reported second-quarter 2024 earnings of $3.25 per share, up a solid 104.4% from the prior-year quarter’s reported earnings of $1.59 per share. The bottom line also beat the Zacks Consensus Estimate of $2.67 by 21.7%.The year-over-year improvement in the bottom line can be attributed to solid sales and gross profit growth, along with lower operating expenses, compared to the prior-year quarter’s level.Sales UpdateFirst Solar’s second-quarter net sales were $1.01 billion, which surpa ...