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Canadian Solar Inc. Earnings Retreat In Q1

Canadian Solar Inc. (CSIQ) revealed a profit for first quarter that dropped from the same period last year.

The company's bottom line totaled $13.59 million, or $0.36 per share. This compares with $111.25 million, or $1.84 per share, in last year's first quarter.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 32.0% to $1.09 billion from $825.63 million last year.

Canadian Solar Inc. earnings at a glance:

-Earnings (Q1): $13.59 Mln. vs. $111.25 Mln. last year.
-EPS (Q1): $0.36 vs. $1.84 last year.
-Analysts Estimate: $0.41
-Revenue (Q1): $1.09 Bln vs. $825.63 Mln last year.

-Guidance:
Next quarter revenue guidance: $1.4 - $1.5 Bln
Full year revenue guidance: $5.6 - $6.0 Bln

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