First Solar Reports EPS of $1.80 vs. $1.76, Beats by $0.04

First Solar, Inc. (FSLR) today reported financial results for the fourth quarter and full fiscal year ended December 31, 2010. The co. reported earnings of $1.80 per fully diluted share, $0.04 better than the Thomson Reuters (TRI) consensus of $1.76. Fourth quarter 2010 revenues fell 4.8% y/y to $610 million versus the $647.8 million consensus, a decrease of $188 million. The co. issued mixed guidance for fiscal 2011 : sees Net sales of $3.7 to $3.8 billion ; sees increased 2011 EPS guidance to $9.25 – $9.75 per fully diluted share.

FSLR shares closed at $164.68 on the Nasdaq, but fell $5.18, or 3.15%, to $159.50 in extended trading.

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