Edition:
United Kingdom

Canadian Solar Reports Q1 Earnings Per Share $0.72


Wednesday, 16 May 2018 

May 16 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR REPORTS FIRST QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.72.SEES Q2 2018 REVENUE $690 MILLION TO $730 MILLION.Q1 REVENUE $1.42 BILLION VERSUS I/B/E/S VIEW $1.33 BILLION.Q1 EARNINGS PER SHARE VIEW $0.47 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL SOLAR MODULE SHIPMENTS WERE 1,374 MW, COMPARED TO 1,831 MW IN Q4 OF 2017.INVENTORIES AT END OF Q1 OF 2018 WERE $414.1 MILLION, COMPARED TO $346.1 MILLION AT END OF Q4 OF 2017.FOR Q2 OF 2018, COMPANY EXPECTS TOTAL SOLAR MODULE SHIPMENTS TO BE IN RANGE OF APPROXIMATELY 1.50 GW TO 1.60 GW.CANADIAN SOLAR - UTILITY-SCALE SOLAR POWER PLANTS IN OPERATION PORTFOLIO AT APRIL 30 WAS ABOUT 948 MWP, ESTIMATED TOTAL RESALE VALUE OF ABOUT $1.1 BILLION.SAYS GROSS MARGIN FOR Q2 IS EXPECTED TO BE BETWEEN 20.0% AND 22.0%..UNDER BUSINESS OUTLOOK, EXPECT SHIFT IN GLOBAL DEMAND TO DEVELOPING MARKETS TO OFFSET CHINA, INDIA AND U.S..CANADIAN SOLAR SAYS WORKING TO SECURE APPROVAL FOR SALE OF 3 U.S. SOLAR POWER PLANTS TOTALING 399 MWP.UNDER BUSINESS OUTLOOK, ALSO EXPECT DEMAND IN OTHER MARKETS TO IMPROVE, INCLUDING EUROPE, AFRICA, ARGENTINA AND MEXICO.