First Solar shares are up nearly 4% after-hours after announcing higher guidance 2014 guidance for earnings, margins and operating income.
Q1 earnings for the Tempe-based solar systems provider came in at $1.10, a 66% increase from Q1 2013. Net sales hit $950 million, a 26% increase from Q1 2013.
The firm also announced improved new bookings. Here's the full guidance update:
And here's the full quarter-over-quarter and year-over-year rundown:
