Canadian Solar Inc. Bottom Line Drops 77% In Q4
OTTAWA (dpa-AFX) - Canadian Solar Inc.
(CSIQ) revealed a profit for fourth quarter that dropped compared to the same period last year.
The company said its earnings fell to $14.17 million, or $0.24 per share. This was lower than $62.30 million, or $1.05 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 40.3% to $668.43 million. This was down from $1120.28 million last year.
Canadian Solar Inc. earnings at a glance:
-Earnings (Q4): $14.17 Mln. vs. $62.30 Mln. last year. -Earnings Decline (Y-o-Y): -77.3% -EPS (Q4): $0.24 vs. $1.05 last year. -EPS Decline (Y-o-Y): -77.1% -Analysts Estimate: $0.32 -Revenue (Q4): $668.43 Mln vs. $1120.28 Mln last year. -Revenue Change (Y-o-Y): -40.3%
-Guidance: Next quarter revenue guidance: $570 - $590 Mln Full year revenue guidance: $4.0 - $4.2 Bln
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