Canadian Solar Reports Fourth Quarter and Full Year 2018 Results

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UPDATE: Canadian Solar (CSIQ) Tops Q4 EPS by 60c, Q1 Revenue Guidance Misses

March 21, 2019 6:17 AM EDT

(Updated - March 21, 2019 6:20 AM EDT)

Canadian Solar (NASDAQ: CSIQ) reported Q4 EPS of $1.61, $0.60 better than the analyst estimate of $1.01. Revenue for the quarter came in at $901 million versus the consensus estimate of $872.02 million.

GUIDANCE:

Canadian Solar sees Q1 2019 revenue of $450-480 million, versus the consensus of $875.41 million.

Canadian Solar sees 2019 revenue of $3.5-3.8 billion, versus the consensus of $3.94 million.

Business Outlook

The Company's business outlook is based on management's views and estimates with respect to market conditions, production capacity, the current order book and... More