First Solar stock jumps on positive full-year guidance
02/28/2024 22:28
Shares of First Solar (FSLR) are trading higher after the company posted its fourth quarter report, with a positive full-year guidance. The company projects that its earnings per share (EPS) for 2024 will be between $13 and $14, almost double its 2023 EPS of $7.74. Yahoo Finance Senior Business Reporter Ines Ferré joins the Live show to break down what differentiates First Solar from other companies in the solar space and what the development means for the sector moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Reuters
Google hit with $2.3 billion lawsuit by Axel Springer, other media groups
Alphabet's Google was hit with a 2.1-billion-euro ($2.3 billion) lawsuit by 32 media groups including Axel Springer and Schibsted on Wednesday, alleging that they had suffered losses due to the company's practices in digital advertising. The move by the group which include publishers in Austria, Belgium, Bulgaria, the Czech Republic, Denmark, Finland, Hungary, Luxembourg, the Netherlands, Norway, Poland, Spain and Sweden comes as antitrust regulators also crack down on Google's ad tech business. "The media companies involved have incurred losses due to a less competitive market, which is a direct result of Google's misconduct," a statement issued by their lawyers Geradin Partners and Stek said.