First Solar Stock Sinks After Worse-Than-Expected Q3 Results, Cut FY24 Guidance

First Solar, Inc. (NASDAQ:FSLR) reported its third-quarter results after Tuesday's closing bell. Here's a look at the key figures from the quarter.

The Details: First Solar reported quarterly earnings of $2.91 per share, which missed the analyst consensus estimate of $3.13. The company said its earnings were impacted by a $50 million product warranty reserve charge during the quarter.

Quarterly revenue came in at $887.67 million, which missed the analyst consensus estimate of $1.07 billion. First Solar reported year-to-date net bookings of 4.0 GW with 0.4 GW since the company’s second-quarter earnings ...