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Barchart
Aditya Sarawgi

Earnings Preview: What To Expect from First Solar's Report

First Solar FSLR

Tempe, Arizona-based First Solar, Inc. (FSLR) is a solar technology company providing photovoltaic (PV) solar energy solutions. With a market cap of $22.6 billion, First Solar’s operations span the Americas, Europe, Indo-Pacific, and internationally. The solar industry major is expected to release its Q3 earnings after the market closes on Tuesday, Oct. 29.

Ahead of the event, analysts expect First Solar to report a profit of $3.24 per share, up 29.6% from $2.50 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s adjusted EPS projections in each of the past four quarters. Its adjusted EPS for the last reported quarter grew by a massive 75.7% year-over-year to $3.25, exceeding the consensus estimates by 21.7%.

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