Canadian Solar (CSIQ) Reports Q2 Loss, Lags Revenue Estimates

Canadian Solar (CSIQ) came out with a quarterly loss of $0.53 per share versus the Zacks Consensus Estimate of$ 0.76. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -169.74%. A quarter ago, it was expected that this solar wafers manufacturer would post a loss of$ 1.5 per share when it actually produced a loss of $1.07, delivering a surprise of +28.67%. Over the last four quarters, the compa ...