=First Solar (FSLR) reported earnings on Thur 26 Oct 2017 (a/h)

First Solar beats by $1.11, beats on revs; raises FY17 EPS above consensus, reaffirms FY17 revs & shipment guidance 

• Reports Q3 (Sep) earnings of $1.95 per share, excluding non-recurring items, $1.11 better thanthe Capital IQ Consensus of $0.84; revenues rose 59.5% year/year to $1.09 bln vs the $0.86 bln Capital IQ Consensus. 4.5GWdc quarterly netbookings, 6.7GWdc YTD net bookings
• Co issues raised guidance for FY17, sees EPS of $2.40-2.60 from $2.00-2.50, excluding non-recurring items, vs. $2.21 Capital IQ Consensus Estimate; reaffirms FY17 revs of $3.0-3.1 bln vs. $3.05 bln Capital IQ Consensus Estimate; co reaffirms FY17 shipment guidance of 2.6-2.7 GW
• The Company reported third quarter earnings per share of $1.95, compared to EPS of $0.50 in the prior quarter. The third quarter was impacted by pre-tax restructuring and asset impairment charges of less than $1 million, compared to $18 million in the second quarter.