ONTARIO, Ontario (AP) — ONTARIO, Ontario (AP) — Canadian Solar Inc. (CSIQ) on Tuesday reported fourth-quarter profit of $33.9 million.
On a per-share basis, the Ontario, Ontario-based company said it had profit of 48 cents. Losses, adjusted for non-recurring gains, came to $1.47 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The solar wafers manufacturer posted revenue of $1.52 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $1.58 billion.
For the year, the company reported profit of $36.1 million, or 54 cents per share. Revenue was reported as $5.99 billion.
For the current quarter ending in March, Canadian Solar said it expects revenue in the range of $1 billion to $1.2 billion.
The company expects full-year revenue in the range of $7.3 billion to $8.3 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSIQ at https://www.zacks.com/ap/CSIQ
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