First Solar Q3 EPS $0.42, net sales $584M; maintains FY guidance

FIRST SOLAR, INC.

2021-Q3 EPS reported $3.16 revenue$2,016,058,000

Net sales $584M, down $46M QoQ; net income per diluted share $0.42 vs $0.77 prior quarter.
Produced 2.0 GW DC modules; top production bin increased to 465 watts (19% efficiency).
YTD net bookings 10.5 GW DC, including 1.5 GW DC since last earnings call.
Cash and marketable securities $1.9B; capex guidance narrowed to $675M-$725M.
FY 2021 EPS guidance unchanged at $4.00-$4.60; net sales guidance unchanged.

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