Canadian Solar Inc. (CSIQ) released earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $74.46 million, or $1.07 per share. This compares with $11.26 million, or $0.18 per share, in last year's second quarter.
Analysts on average had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 61.5% to $2.31 billion from $1.43 billion last year.
Canadian Solar Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $74.46 Mln. vs. $11.26 Mln. last year.
-EPS (Q2): $1.07 vs. $0.18 last year.
-Analyst Estimate: $0.53
-Revenue (Q2): $2.31 Bln vs. $1.43 Bln last year.
-Guidance:
Next quarter revenue guidance: $2.0 - $2.1 Bln
Full year revenue guidance: $7.5 - $8.0 Bln
For comments and feedback contact: editorial@rttnews.com