More on First Solar's Q1: In spite of the massive Q1 miss, the company is lifting its 2012 EPS...

|By:, SA News Editor

More on First Solar's Q1: In spite of the massive Q1 miss, the company is lifting its 2012 EPS guidance to $4-$4.50 from $3.75-$4.25 ($4.07 consensus) thanks to its cost-cutting efforts. Operating cash flow guidance range is raised by $50M. No revenue guidance is provided. Q1 gross margin was just 15.4%, down from 45.8% a year ago. FSLR still halted. (PR)