OTTAWA (dpa-AFX) - Canadian Solar Inc. (CSIQ) reported a profit for third quarter that lost ground from last year.
The company said its profit totaled $13.29 million, or $0.22 per share. This was down from $15.61 million, or $0.27 per share, in last year's third quarter.
Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 38.8% to $912.22 million. This was up from $657.32 million last year.
Canadian Solar Inc. earnings at a glance:
-Earnings (Q3): $13.29 Mln. vs. $15.61 Mln. last year. -Earnings Decline (Y-o-Y): -14.9% -EPS (Q3): $0.22 vs. $0.27 last year. -EPS Decline (Y-o-Y): -18.5% -Analysts Estimate: $0.26 -Revenue (Q3): $912.22 Mln vs. $657.32 Mln last year. -Revenue Change (Y-o-Y): 38.8%
-Guidance: Next quarter revenue guidance: $1.77 - $1.81 Bln Full year revenue guidance: $4.05 - $4.09 Bln
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