First Solar, Inc. (FSLR) has reported a significant increase in profit for the second quarter, surpassing analyst expectations.
The company achieved a net income of $349.356 million, or $3.25 per share, compared to $170.579 million, or $1.59 per share, in the same quarter last year. On average, analysts anticipated earnings of $2.69 per share, according to Thomson Reuters, with estimates typically excluding special items.
Revenue for the quarter increased by 24.6%, reaching $1.010 billion, up from $810.673 million in the previous year.
Here are the key highlights of First Solar, Inc.'s GAAP earnings for Q2:
- **Earnings (Q2):** $349.356 million vs. $170.579 million last year.
- **EPS (Q2):** $3.25 vs. $1.59 last year.
- **Revenue (Q2):** $1.010 billion vs. $810.673 million last year.
**Guidance:**
- **Full-year EPS guidance:** $13.00 to $14.00
- **Full-year revenue guidance:** $4.4 to $4.6 billion
