Canadian Solar Plunges After Reporting 4th Quarter Earnings [Seeking Alpha]
Canadian Solar Inc. - Common Shares (CSIQ)
Last canadian solar inc. - common shares earnings: 3/26 06:00 am
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US:NASDAQ Investor Relations:
investors.canadiansolar.com
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Source: Seeking Alpha
Summary Shares of Canadian Solar (NASDAQ: CSIQ ) plunged more than 17% this week after announcing 4Q2016 financial results Tuesday that underwhelmed investors' expectations. The company reported net revenue of $668.4 million, compared to $657.3 million in the third quarter of 2016, and fourth quarter 2016 guidance in the range of $600 million to $750 million. Gross margin came in at 7.3%, which was negatively impacted by an anti-dumping and countervailing duties true-up provision of $44.1 million associated with a U.S. Department of Commerce ruling related to 2015 module sales. Excluding this charge, the gross margin was 13.9%, compared to 17.8% in the third quarter of 2016, and fourth quarter guidance in the range of 11.0% to 16.0%. As a result of the anti-dumping and countervailing duties charge, Canadian Solar reported a net loss of $13.3 million, or $0.23 per diluted share. The company also announced it has ramped up its production facilities in South Eastern Asia and h
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News
- Canadian Solar Inc. (NASDAQ:CSIQ) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Canadian Solar (CSIQ) Q1 Earnings Beat, Revenues Fall Y/Y [Yahoo! Finance]Yahoo! Finance
- Canadian Solar Reports First Quarter 2024 Results and Announces Appointment of Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Canadian Solar Reports First Quarter 2024 Results and Announces Appointment of Chief Financial OfficerPR Newswire
- Canadian Solar Secures 193 MW of BESS Projects in Japan's Inaugural Long-term Decarbonization Power Source Auction [Yahoo! Finance]Yahoo! Finance
CSIQ
Earnings
- 5/9/24 - Beat
CSIQ
Sec Filings
- 5/9/24 - Form 6-K
- 5/6/24 - Form SC
- 4/26/24 - Form 6-K
- CSIQ's page on the SEC website