FLASH: FIRST SOLAR MODERATES DECLINE AFTER HORRENDOUS EPS MISS

The stock was down $5 on this miss and now is off by just $1.

First Solar reaffirms FY12 $3.75-4.25 vs $4.18 Capital IQ Consensus Estimate; lowers revs to $3.5-3.8 bln from $3.7-4.0 bln vs $3.79 bln Capital IQ Consensus Estimate

First Solar prelim $1.26 vs $1.59 Capital IQ Consensus Estimate; revs $660 mln vs $784.06 mln Capital IQ Consensus Estimate