=First Solar (FSLR) reported Q1 earnings on Wed 27 Apr 2016 (a/h)

First Solar beats by $0.63, misses on revs; guides FY16 EPS in-line, reaffirms FY16 revs guidance; Announces leadership transition:

• Reports Q1 (Mar) earnings of $1.60 per share, excluding non-recurring items,$0.63 better than the Capital IQ Consensus of $0.97; revenues rose 80.7% year/year to $848 mln vs the $940.04 mln Capital IQ Consensus.
• Co issues guidance for FY16, sees EPS of $4.10-4.50 (Prior $4.10-4.50), excluding non-recurring items, vs. $4.24 Capital IQ Consensus Estimate; sees FY16 revs of $3.8-4.0 bln vs. $3.95 bln Capital IQ Consensus Estimate.