First Solar (FSLR) Q4 Earnings Beat Estimates, Sales Rise Y/Y

Shares of First Solar, Inc. (FSLR) rose 2.9% to $149.25 on Feb 28, following the company’s recent report release.  The company reported fourth-quarter 2023 earnings of$3.25 per share against the prior-year quarter’s reported loss of 7 cents per share. The bottom line beat the Zacks Consensus Estimate of $3.19 by 1.9$7.74 per share in 2023 against a loss of 41 cents per share in 2022.Sales UpdateFirst Solar’s fourth-quarter net sales were $1,158.6 million, which lagged the Zacks ...