First Solar, Inc. Raises FY 2012 Guidance

First Solar, Inc. announced that it is increasing fiscal 2012 guidance and expects net sales of $3.6-$3.9 billion, compared to prior guidance of $3.5-$3.8 billion. Earnings per fully diluted share to $4.20-$4.70, compared to prior guidance of $4.00-$4.50, in each case excluding restructuring and impairment charges, and certain costs in excess of normal warranty expense. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $3.5 billion and EPS of $3.96 for fiscal 2012.