Canadian Solar, Inc. (CSIQ) Beats Q1 Loss Views; Guides Q2 Shipments
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Canadian Solar, Inc. (NASDAQ: CSIQ) reported Q1 EPS of ($0.49), $0.03 better than the analyst estimate of ($0.52). Revenue for the quarter came in at $325.8 million versus the consensus estimate of $361.47 million.
Solar module shipments were 343 MW, compared to 436 MW in the fourth quarter 2011.
For the second quarter of 2012, shipments are expected to be in the range of approximately 430 MW to 450 MW, with gross margin expected to be between 8% and 10%. The Company reiterates its annual guidance to ship approximately 1,800 MW to 2,000 MW of solar products in 2012.
For earnings history and earnings-related data on Canadian Solar, Inc. (CSIQ) click here.
Solar module shipments were 343 MW, compared to 436 MW in the fourth quarter 2011.
For the second quarter of 2012, shipments are expected to be in the range of approximately 430 MW to 450 MW, with gross margin expected to be between 8% and 10%. The Company reiterates its annual guidance to ship approximately 1,800 MW to 2,000 MW of solar products in 2012.
For earnings history and earnings-related data on Canadian Solar, Inc. (CSIQ) click here.
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