Click to copy
Click to copy

Canadian Solar: 1Q Earnings Snapshot

May 30, 2019

GUELPH, Ontario (AP) _ Canadian Solar Inc. (CSIQ) on Thursday reported a first-quarter loss of $17.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Guelph, Ontario-based company said it had a loss of 29 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 44 cents per share.

The solar wafers manufacturer posted revenue of $484.7 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $470.8 million.

Canadian Solar shares have increased 23% since the beginning of the year. The stock has climbed slightly more than 4% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSIQ at https://www.zacks.com/ap/CSIQ

All contents © copyright 2019 The Associated Press. All rights reserved.