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Canadian Solar Inc. Q4 adjusted earnings Beat Estimates

Canadian Solar Inc. (CSIQ) announced a profit for fourth quarter that declined from the same period last year.

The company's profit totaled $67.74 million, or $1.12 per share. This compares with $111.58 million, or $1.81 per share, in last year's fourth quarter.

Excluding items, Canadian Solar Inc. reported adjusted earnings of $62.91 million or $1.04 per share for the period.

Analysts had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.1% to $919.71 million from $901.04 million last year.

Canadian Solar Inc. earnings at a glance:

-Earnings (Q4): $62.91 Mln. vs. $99.48 Mln. last year.
-EPS (Q4): $1.04 vs. $1.61 last year.
-Analysts Estimate: $0.45
-Revenue (Q4): $919.71 Mln vs. $901.04 Mln last year.

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