First Solar Cuts Forecast; Sees FY2011 Sales $2.8-2.9B vs $3.0-3.3B Prior

First Solar, Inc. FSLR today updated the Company's 2011 financial guidance and announced 2012 guidance. First Solar now forecasts 2011 net sales in the range of $2.8 to $2.9 billion, down from the Company's prior guidance range for net sales of $3.0 to $3.3 billion. The Company expects diluted earnings per share (EPS) for 2011 to be in the range of $5.75 to $6.00, with consolidated operating income of $575 to $600 million. The primary reason for the revised 2011 guidance is continued delays of certain projects in First Solar's systems business due to weather and other factors.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsGuidance
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!