First Solar (FSLR-NASDAQ) announced revenues of $66.9 million and earnings per share of $0.07, versus estimates of $52.9 million and $0.00. Some investors want overperformance and almost all demand it from hi-flyers, and they got it here.
“During the first quarter we benefited from continued solid execution providing for both sequential revenue and throughput growth, while readying ourselves for the production ramp at our German plant,” said Mike Ahearn, Chief Executive Officer of First Solar.
Unfortunately we have no guidance at all for future quarters in the press release, so getting too excited about the 8% pop in after-hours trading back up to $62.00+ is perhaps premature. The company hosts a conference call at 4:30 PM.
Jon C. Ogg
May 3, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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