First Solar increased net sales in Q2 and H1 2019 yoy

First Solar, Inc. announced financial results for the second quarter ended June 30, 2019. Net sales for the second quarter were $585 million, an increase of $53 million from the prior quarter, primarily due to increased module and system sales in the U.S. and Australia. In the second quarter of 2018 the company achieved net sales of $309 million. First Solar improved net loss of $48 million in Q2 2018 to net loss of $18 million in Q2 2019.
Regarding the six month ended June 30, First Solar increased net sales to $1.116 million in 2019 compared to $876 million in the last year. Net loss was $86 million in the first half of 2019 compared to net income of $34 million in H1 2018.
2019 guidance as of August 1st has been updated as follows: Net sales $3.5 billion to $3.7 billion (unchanged), operating income $260 million to $310 million ($290 million to $340 million), shipments 5.4 GW to 5.6 GW (unchanged).
© PHOTON

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