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Canadian Solar Sees FY17 Revenue $3.33 Bln-$3.37 Bln


Friday, 12 Jan 2018 

Jan 12 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR UPDATES 4Q/FY17 GUIDANCE TO REFLECT TIMING OF CERTAIN SOLAR PROJECT SALES.SEES FY 2017 REVENUE $3.33 BILLION TO $3.37 BILLION.SEES Q4 2017 REVENUE $1.04 BILLION TO $1.08 BILLION.FOR FULL YEAR 2017, CANADIAN SOLAR NOW EXPECTS ITS TOTAL SOLAR MODULE SHIPMENTS TO BE IN RANGE OF APPROXIMATELY 6.8 GW TO 6.9 GW.GROSS MARGIN FOR Q4 2017 NOW EXPECTED TO BE IN RANGE OF 16.5% TO 18.5%, VERSUS 10.5% TO 12.5% PREVIOUSLY GUIDED.CANADIAN SOLAR - SEES SOLAR MODULE SHIPMENT GUIDANCE FOR Q4 OF 2017 TO BE IN RANGE OF ABOUT 1,720 MW TO 1,820 MW.UPDATED GUIDANCE FOR Q4, FY 2017 IN PART TO REFLECT TIMING OF CERTAIN UTILITY-SCALE SOLAR PROJECT SALES.