Oct 26 (Reuters) - Canadian Solar Inc CSIQ.O :
* Raises shipment, revenue and gross profit guidance for the third quarter
2015, settles LDK arbitration award litigation
* Sees Q3 2015 revenue $805 million to $815 million
* For Q3, Canadian Solar now expects its total solar module shipments to be in
the range of approximately 1.18 GW to 1.23 GW
* For Q3, expects its total solar module shipments to be in the range of
approximately 1.18 GW to 1.23 GW
* Q3 gross margin expected to be at or slightly above range of 12% to 14%
* Expect to see continued robust demand levels in our solar module business"
* Co reached agreement with ldk solar co to settle legal dispute related to a
December 2012 arbitration award decision
* Canadian Solar- co will incur a cost of $20.9 mlnand ldk will waive any
rights,benefits in connection with December 2012 arbitration award decision
* Under agreement co will purchase from LDK, approximately 64.3 million pieces
of wafers at market prices over 3 year period
* To incur a charge to settle legal dispute related to December 2012
arbitration award decision in the third quarter of 2015
* Updated Q3 outlook to reflect higher than expected solar demand,sale of 51%
of 200 MW tranquillity solar power project by unit
* Source text for Eikon ID:nPn2ZQXnj
* Further company coverage CSIQ.O