OTTAWA (dpa-AFX) - Canadian Solar Inc. (CSIQ) revealed a profit for first
quarter that decreased from the same period last year but beat the Street
estimates.

The company's bottom line came in at $12.35 million, or $0.19 per share. This
compares with $83.71 million, or $1.19 per share, in last year's first quarter.

Analysts on average had expected the company to earn -$0.01 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 21.8% to $1.33 billion from $1.70
billion last year.

Canadian Solar Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $12.35 Mln. vs. $83.71 Mln. last year.
-EPS (Q1): $0.19 vs. $1.19 last year.
-Revenue (Q1): $1.33 Bln vs. $1.70 Bln last year.

-Guidance:
Next quarter revenue guidance: $1.5 - $1.7 Bln
Full year revenue guidance: $7.3 - $8.3 Bln


Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX