Canadian Solar: Q3 Earnings Snapshot
By AP News
Published - Dec 05, 2024, 06:13 AM ET
Last Updated - Dec 16, 2024, 05:06 PM EST
ONTARIO, Ontario (AP) — ONTARIO, Ontario (AP) — Canadian Solar Inc. (CSIQ) on Thursday reported a loss of $14 million in its third quarter.
On a per-share basis, the Ontario, Ontario-based company said it had a loss of 31 cents.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 44 cents per share.
The solar wafers manufacturer posted revenue of $1.51 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.69 billion.
