First Solar, Inc. (NASDAQ:FSLR) shares are trading lower by 15.8% at $63.70 Wednesday morning after the company reported worse-than-expected fourth-quarter sales results and issued FY22 guidance.
First Solar reported quarterly earnings of $1.23 per share which beat the analyst consensus estimate of $1.06 by 16.04 percent. First Solar also reported quarterly sales of $900.00 million which missed the analyst consensus estimate of $917.69 million by 2%. This sales figure represents a 48% increase over sales of $609.23 million the same period last year.
