First Solar (FSLR) fell 2.8% AH after reporting Q2 results. Gross margin declined to 36.6% from...

|By:, SA News Editor

First Solar (FSLR) fell 2.8% AH after reporting Q2 results. Gross margin declined to 36.6% from 48.3% in Q2 2010, as lower sales and price pressure took their toll. The company now expects 2011 revenue of $3.6B-$3.7B and EPS of $9.00-$9.50, compared with a consensus of $3.75B and $9.24. Free cash flow is expected to be negative. (PR)