— Canadian Solar (NASDAQ: CSIQ) reported Q4 2019 earnings of $1.04 per share vs. $0.45 expected.
— Revenue rose 2% to $920 million vs. $865.46 million expected.
— GAAP net income attributable to Canadian Solar was $67.7 million, or $1.12 per share, compared to net income of $111.6 million, or $1.81 per share, in the fourth quarter of 2018.
— Total solar module shipments were 2,474 MW.
— Canadian Solar expects 1Q20 revenue to be $780 million to $810 million. Total module shipments pegged to be in the range of 2.15 GW to 2.25 GW.
— FY20 revenue is estimated to be $3.4 billion to $3.9 billion. Total module shipments are targeted to be in the range of 10 GW to 12 GW.
— The company plans to continue with its stock repurchase program as recent COVID-19-related panic-selling brought its equity valuation below book value.
— CSIQ stock, which hit a 52-week high ($25.35) on February 19, 2020, more than halved and plunged to a new yearly low ($12.00) last week.
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
