First Solar Tanks After Earnings

First Solar is tanking after hours.

Benzinga says Q2 EPS came in at $US0.39 against $US0.53 consensus and off 76% YOY.

The company also lowered its year-end guidance for both earnings and revenue.

Meanwhile, the company said it had acquired GE solar property:

The Company also announced the acquisition of all of GE’s (NYSE: GE) cadmium telluride (CdTe)solar intellectual property and entered into a technology collaboration agreement with GE, with the intent to advance thin-film solar cells and modules.

Shares have come up a bit but were down nearly 7% at one point.

More to come …

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