Canadian Solar (NASDAQ: CSIQ) reported Q3 EPS of $1.09, versus $0.00 reported last year. Revenue for the quarter came in at $768 million versus the consensus estimate of $809.4 million.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, "Canadian Solar continues to build on our global leadership position. We have taken definitive steps to realize greater value from our pipeline of solar power projects, while redeploying capital from project sales to fortify our balance sheet and refresh our pipeline. At the same time, we have diligently protected the profitability of our module and system solutions business through a combination of higher value technology and higher yield solar modules, improved efficiencies across our global operations and a conservative approach to our capacity. We are confident in our outlook based on the current market environment. Demand levels at our key markets will likely continue to fluctuate, and uncertainty remains for 2019. As such, we remain cautious in expanding capacity. But we believe that the longer-term prospect for solar energy is bright and, to differentiate, Canadian Solar will take the challenge of industry volatility as an opportunity to ramp up the volume for unconventional innovative products, such as bifacial, that command price premiums."

GUIDANCE:

Canadian Solar sees FY2018 revenue of $3.53-3.64 billion, versus the consensus of $4.05 billion.

For earnings history and earnings-related data on Canadian Solar (CSIQ) click here.