FSLR: Quick Comment on First Solar Earnings

May 4, 2007 by Douglas A. McIntyre

By William Trent, CFA of Stock Market Beat

Jim Cramer’s favorite solar play, First Solar, Inc. (FSLR) Announced 2007 First Quarter Financial Results:

Quarterly revenues were $66.9 million, up from $52.7 million in the fourth quarter of fiscal 2006 and up from $13.6 million in the first quarter of fiscal 2006.Net income for the first quarter of fiscal 2007 was $5.0 million or $0.07 per share on a fully diluted basis, compared to net income of $8.0 million or $0.11 per share on a fully diluted pro-forma basis for the fourth quarter of fiscal 2006 and a net loss of $5.9 million for the first quarter of fiscal 2006 or $(0.08) per share on a fully diluted pro-forma basis.

Nothing will get investors excited like quintupling revenues. Shares are up sharply in after hours trading. Analyst expectations of breakeven earnings on $53 million in revenues were probably sandbagging things a bit – we would expect solar installations to increase as Spring approaches relative to the fourth quarter.

http://www.stockmarketbeat.com/

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.