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Canadian Solar Inc. Reveals Drop In Q3 Earnings

Canadian Solar Inc. (CSIQ) announced earnings for third quarter that decreased from last year.

The company's earnings totaled $8.83 million, or $0.15 per share. This compares with $58.33 million, or $0.97 per share, in last year's third quarter.

Analysts had expected the company to earn -$0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.3% to $914.36 million from $759.88 million last year.

Canadian Solar Inc. earnings at a glance:

-Earnings (Q3): $8.83 Mln. vs. $58.33 Mln. last year.
-EPS (Q3): $0.15 vs. $0.97 last year.
-Analysts Estimate: -$0.05
-Revenue (Q3): $914.36 Mln vs. $759.88 Mln last year.

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