First Solar increased net sales in Q2 and H1 2019 yoy
Post date: 05/08/2019 - 14:02
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).