• First Solar Inc FSLR.OQ reported quarterly adjusted earnings of $1.95​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.20. The mean expectation of twenty eight analysts for the quarter was for earnings of $2.50 per share. Wall Street expected results to range from $1.97 to $3.46 per share.

• Revenue rose 6.4% to $844.57 million from a year ago; analysts expected $839.28 million.

• First Solar Inc's reported EPS for the quarter was $1.95​.

• The company reported quarterly net income of $209.54 million.

• First Solar Inc shares had risen by 11.3% this quarter and lost 20.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 39.2% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 33 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

• Wall Street's median 12-month price target for First Solar Inc is $235.50

This summary was machine generated from LSEG data April 29 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)