KITCHENER, Ontario (AP) — KITCHENER, Ontario (AP) — Canadian Solar Inc. (CSIQ) on Thursday reported a loss of $34 million in its first quarter.
On a per-share basis, the Kitchener, Ontario-based company said it had a loss of 69 cents. Losses, adjusted for non-recurring gains, were $1.07 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.50 per share.
The solar wafers manufacturer posted revenue of $1.2 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.09 billion.
_____
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
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
