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First Solar reports higher Q1'21 results YOY, beats estimates from SNL Energy Finance Daily First Solar reports higher Q1'21 results YOY, beats estimatesByline: Usman Khalid First Solar Inc. on April 29 reported first-quarter 2021 GAAP net income of $209.7 million, or $1.96 per share, compared to a net income of $90.7 million, or 85 cents per share, in the same period of 2020. The S&P Capital IQ consensus GAAP earnings estimate for the quarter was $1.18 per share. Net sales for the quarter totaled $803.4 million, compared to $532.1 million in the first quarter of 2020. The company reaffirmed 2021 EPS in the range of $4.05 to $4.75 per share. It also updated its guidance for 2021 net sales, increasing the upper end of its range slightly, to a range of $2.85 billion to $3.025 billion from the previous range of $2.85 billion to $3 billion. |
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