Canadian Solar: 1Q Earnings Snapshot
Posted May 28, 2020 06:31:46 AM.
Last Updated May 28, 2020 06:46:06 AM.
ONTARIO, Ontario (AP) _ Canadian Solar Inc. (CSIQ) on Thursday reported first-quarter net income of $110.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Ontario, Ontario-based company said it had profit of $1.84. Earnings, adjusted for non-recurring gains, were $1.40 per share.
The solar wafers manufacturer posted revenue of $825.6 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $794.6 million.
Canadian Solar shares have fallen 13% since the beginning of the year. The stock has risen 8.5% in the last 12 months.
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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
The Associated Press
