bounce only from 25 to 26, was trading at 28 prior to the big miss on revenue. Thing thing is going much lower. For sure, not going to surpass 28 (which was prior to earnings). Too many hyping news, trying to get out.
In the fourth quarter, First Solar swung to net income of $154.2 million, compared with a net loss of $413.1 million in the year-earlier period.
Excluding items, earnings jumped to $2.04 a share from $1.26 a share in the year-earlier period. The earnings exceeded Wall Street's forecast of $1.75 a share, according to a consensus estimate from Thomson Reuters
their guidance for next quater is $700-900 millions, that's only 60% of what they made in 4th quarter. Thus, they moved alot of projects and cash into Q4. What's gonna happen when they announce Q1 of 2013? Another bomb.
Q4 was their best quarter yet, it was a strong quarter but no one believed in their profit margins. How they were able to cut costs and attributed alot of charges to restructuring and goodwill etc. Unless they get additional contracts, middle 20's will not hold long.