Canadian Solar: Q2 Earnings Snapshot

KITCHENER, Ontario (AP) — KITCHENER, Ontario (AP) — Canadian Solar Inc. (CSIQ) on Thursday reported a loss of $76.9 million in its second quarter.

The Kitchener, Ontario-based company said it had a loss of $1.40 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.01 per share.

The solar wafers manufacturer posted revenue of $1.21 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.17 billion.

For the current quarter ending in September, Canadian Solar said it expects revenue in the range of $1.3 billion to $1.5 billion.

_____

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