Canadian Solar, Inc. (CSIQ) Misses Q3 EPS by 35c; Guides Q4, FY12 Shipments
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Canadian Solar, Inc. (NASDAQ: CSIQ) reported Q3 EPS of ($1.01), $0.35 worse than the analyst estimate of ($0.66). Revenue for the quarter came in at $326 million versus the consensus estimate of $355.13 million.
Solar module shipments were 384 MW, compared to 412 MW in the second quarter of 2012.
For the fourth quarter of 2012, shipments are expected to be in the range of approximately 380MW to 420MW, with gross margin expected to be between 1.0% and 3.0%.
For the full year 2012, the Company is revising its shipment guidance to be in the range of approximately 1.5GW to 1.6GW, compared to its previous guidance of 1.8GW to 2.0GW.
For earnings history and earnings-related data on Canadian Solar, Inc. (CSIQ) click here.
Solar module shipments were 384 MW, compared to 412 MW in the second quarter of 2012.
For the fourth quarter of 2012, shipments are expected to be in the range of approximately 380MW to 420MW, with gross margin expected to be between 1.0% and 3.0%.
For the full year 2012, the Company is revising its shipment guidance to be in the range of approximately 1.5GW to 1.6GW, compared to its previous guidance of 1.8GW to 2.0GW.
For earnings history and earnings-related data on Canadian Solar, Inc. (CSIQ) click here.
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