Canadian Solar (CSIQ) Reports Q3 EPS of $1.09, Revenues Miss; Offers FY18 Revenue Guidance Below Consensus

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Go back to Canadian Solar (CSIQ) Reports Q3 EPS of $1.09, Revenues Miss; Offers FY18 Revenue Guidance Below Consensus

Canadian Solar Reports Third Quarter 2018 Results

November 15, 2018 5:36 AM EST

GUELPH, Ontario, Nov. 15, 2018 /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 third quarter of 2018 ended September 30, 2018. 

Third Quarter 2018 Highlights

Net revenue was $768.0 million, compared to $650.6 million in the second quarter of 2018, and third quarter 2018 guidance in the range of $790 million to $840 million. Gross margin was 26.1%, compared to 24.5% in the second quarter of 2018, and third quarter guidance of 20.0% to 23.0%. Net income attributable to Canadian... More