First Solar Inc. First Solar (FSLR) shares climbed after the company posted mixed second-quarter results after Thursday's closing bell. Here's a look at the details inside the report.
First Solar Shares Pop After Mixed Q2 Report
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First Solar beat earnings estimates but missed on revenue. Here's what investors need to know.
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First Solar Q2 Details
First Solar reported quarterly earnings of $3.92 per share, which beat the Street consensus of $2.86 by 37.06%, according to MarketDash data.
Quarterly revenue came in at $1.056 billion, which missed the analyst estimate of $1.062 billion and was down from $1.1 billion in the same period last year.
Contracted sales backlog was 45.1 GW at the end of the quarter.
"We delivered both record second-quarter and first-half sales volume and improved financial performance relative to the prior year," said CEO Mark Widmar.
"We also surpassed 100 GW of cumulative module sales globally and ended the quarter with approximately 45.1 GW of contracted backlog extending through 2030, demonstrating continued demand for our differentiated technology platform, domestic manufacturing footprint and delivery certainty," Widmar added.
According to data from MarketDash, First Solar stock was up 3.73% to $213.70 in Thursday's extended trading.
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