05:09 PM EDT, 05/01/2024 (MT Newswires) -- First Solar ( FSLR ) reported Q1 earnings late Wednesday of $2.20 per diluted share, up from $0.40 a year earlier.

Analysts polled by Capital IQ expected $1.98.

Net sales for the quarter that ended March 31 was $794.1 million, up from $548.3 million a year earlier.

Analysts surveyed by Capital IQ expected $722.1 million.

The company reiterated its full-year 2024 EPS guidance between $13 and $14 and also reaffirmed its revenue outlook of between $4.4 billion and $4.6 billion. Analysts surveyed by Capital IQ expect $13.57 and $4.51 billion, respectively.

Shares of the company traded 1.7% lower in after-hours activity.

Price: 174.59, Change: -2.99, Percent Change: -1.68