Canadian Solar Reports Mixed Q1; Guidance Hits Stock

By | May 16, 2014

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Solar-power company Canadian Solar (CSIQ) reported a mixed Q1 and guided Q2 below consensus Friday, sending the stock down nearly 12% on the stock market today. Canadian Solar’s revenue rose 77% over the year-earlier quarter to $466 million, beating analysts’ estimate of $432 million, according to Thomson Reuters. Profit of 7 cents a share reversed a year-earlier loss, but fell short of Wall Street’s 12 cents. The company affirmed its 2014 sales Scalper1 News

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