KITCHENER, Ontario (AP) — KITCHENER, Ontario (AP) — Canadian Solar Inc. (CSIQ) on Thursday reported a loss of $86.3 million in its fourth quarter.
On a per-share basis, the Kitchener, Ontario-based company said it had a loss of $1.66.
The solar wafers manufacturer posted revenue of $1.22 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.39 billion.
For the year, the company reported a loss of $104.1 million, or $2.50 per share. Revenue was reported as $5.6 billion.
For the current quarter ending in March, Canadian Solar said it expects revenue in the range of $900 million to $1.1 billion.
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