First Solar (FSLR) cuts its FY11 outlook and guides down for FY12. Blaming delays due to weather...

|By:, SA News Editor

First Solar (FSLR) cuts its FY11 outlook and guides down for FY12. Blaming delays due to weather and other factors, the firm expects 2011 EPS of $5.75-$6 on sales of $2.8-$2.9B, down from $6.50-$7.50 on sales $3.0-$3.3B. For 2012, the firm sees EPS of $3.75-$4.25 on sales of $3.7B-$4B vs. consensus of $7.42 and $4.09B. Shares are halted. (PR)