04:27 PM EDT, 10/29/2024 (MT Newswires) -- First Solar ( FSLR ) reported Q3 earnings Tuesday of $2.91 per diluted share, up from $2.50 a year earlier.

Analysts polled by Capital IQ expected $3.16.

Net sales for the quarter ended Sept. 30 were $887.7 million, up from $801.1 million a year earlier.

Analysts surveyed by Capital IQ expected $1.08 billion.

The company said it now expects 2024 net sales between $4.10 billion and $4.25 billion. The previous guidance was between $4.4 billion and $4.6 billion. Analysts polled by Capital IQ expect $4.45 billion.

For 2024, First Solar ( FSLR ) expects diluted EPS of between $13.00 and $13.50. The previous EPS guidance was $13.00 to $14.00, respectively. Analysts surveyed by Capital IQ expect $13.51.

Shares of First Solar ( FSLR ) were down 6.4% in after-hours trading.

Price: 187.00, Change: -12.67, Percent Change: -6.35