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Canadian Solar: 4Q Earnings Snapshot

GUELPH, Ontario (AP) _ Canadian Solar Inc. (CSIQ) on Thursday reported fourth-quarter earnings of $111.6 million.

The Guelph, Ontario-based company said it had profit of $1.81 per share. Earnings, adjusted for non-recurring gains, were $1.61 per share.

The solar wafers manufacturer posted revenue of $901 million in the period.

For the year, the company reported profit of $237.1 million, or $3.88 per share. Revenue was reported as $3.74 billion.

For the current quarter ending in April, Canadian Solar said it expects revenue in the range of $450 million to $480 million.

The company expects full-year revenue in the range of $3.5 billion to $3.8 billion.

Canadian Solar shares have risen 65 percent since the beginning of the year. The stock has climbed 41 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSIQ at https://www.zacks.com/ap/CSIQ