KITCHENER, Ontario (AP) — KITCHENER, Ontario (AP) — Canadian Solar Inc. (CSIQ) on Thursday reported net income of $9 million in its third quarter.
On a per-share basis, the Kitchener, Ontario-based company said it had net loss of 7 cents. Losses, adjusted for non-recurring gains, came to 58 cents per share.
The solar wafers manufacturer posted revenue of $1.49 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.37 billion.
For the current quarter ending in December, Canadian Solar said it expects revenue in the range of $1.3 billion to $1.5 billion.
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