Canadian Solar (CSIQ) Tops Q1 EPS Views; Boosts FY16 Outlook

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Go back to Canadian Solar (CSIQ) Tops Q1 EPS Views; Boosts FY16 Outlook

Canadian Solar Reports First Quarter 2016 Results and Raises Annual Revenue Guidance

May 11, 2016 6:03 AM EDT

GUELPH, Ontario, May 11, 2016 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced its financial results for the first quarter ended March 31, 2016. 

First Quarter 2016 Highlights

Total solar module shipments were 1,198 MW, of which 1,172 MW were recognized in revenue, compared to 1,398 MW recognized in revenue in the fourth quarter of 2015, and first quarter shipment guidance in the range of 1,085 MW to 1,135 MW. Net revenue was $721.4 million, compared to $1,120.3 million in the fourth... More