Canadian Solar Reports Fourth Quarter and Full Year 2019 Results
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Canadian Solar (CSIQ) Tops Q4 EPS by 59c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus
March 26, 2020 6:09 AM EDTCanadian Solar (NASDAQ: CSIQ) reported Q4 EPS of $1.04, $0.59 better than the analyst estimate of $0.45. Revenue for the quarter came in at $920 million versus the consensus estimate of $865.46 million.
Fourth Quarter 2019 Highlights
Total module shipments were 2.5 GW, compared to 2.4 GW in the third quarter of 2019 and fourth quarter 2019 guidance of 2.3 GW to 2.4 GW.Net revenue was $920 million, compared to $760 million in the third quarter of 2019 and fourth quarter 2019 guidance of $850 million to $880 million.Gross profit was $230 million. Gross margin was 25.0%, compared to 26.2% in the third quarter of 2019 and fourth quarter... More