Canadian Solar Reports First Quarter 2018 Results

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Go back to Canadian Solar Reports First Quarter 2018 Results

Canadian Solar (CSIQ) Tops Q1 EPS by 25c, Beats on Revenues

May 16, 2018 6:08 AM EDT

Canadian Solar (NASDAQ: CSIQ) reported Q1 EPS of $0.72, $0.25 better than the analyst estimate of $0.47. Revenue for the quarter came in at $1.42 billion versus the consensus estimate of $1.33 billion.

First Quarter 2018 Highlights

Total solar module shipments were 1,374 MW, compared to 1,831 MW in the fourth quarter of 2017, and first quarter 2018 guidance in the range of 1.30 GW to 1.35 GW.Net revenue was $1.42 billion, compared to $1.11 billion in the fourth quarter of 2017, and first quarter 2018 guidance in the range of $1.37 billion to $1.40 billion.Net revenue from the total solutions business as a percentage... More