Canadian Solar Reports Second Quarter 2018 Results
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Canadian Solar (CSIQ) Misses Q2 EPS by 1c, Revenues Miss; Lowers FY18 Revenue Outlook Below Consensus
August 14, 2018 6:04 AM EDTCanadian Solar (NASDAQ: CSIQ) reported Q2 EPS of $0.26, $0.01 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $650.6 million versus the consensus estimate of $684.63 million.
Solar module shipments were 1,700 MW, including 246 MW shipped to the Company's own solar projects not recognized into revenue in the quarter. This compares to the module shipment of 1,374 MW in the first quarter of 2018, and second quarter 2018 module shipment guidance in the range of 1,500 MW to 1,600 MW.Net revenue was $650.6 million, compared to $1.42 billion in the first quarter of 2018, and second quarter 2018... More