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BRIEF-Canadian Solar posts Q3 earnings $0.53/shr

Published 2015-11-10, 06:45 a/m
© Reuters.  BRIEF-Canadian Solar posts Q3 earnings $0.53/shr
CSIQ
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Nov 10 (Reuters) - Canadian Solar Inc CSIQ.O :
* Reports third quarter 2015 results
* Q3 non-GAAP earnings per share $0.79
* Q3 earnings per share $0.53
* Sees FY 2015 revenue $3.28 billion to $3.33 billion
* Q3 revenue $849.8 million versus I/B/E/S view $733.9 million
* Q3 earnings per share view $0.28 -- Thomson Reuters I/B/E/S
* Sees Q4 2015 revenue $930 million to $980 million
* Says for Q4, the company expects total module shipments to be in the range of
approximately 1,300 mw to 1,350 mw
* Qtrly total solar module shipments were 1,198 mw, compared to 809 mw
recognized in revenue in the second quarter of 2015
* Says updating FY guidance for total module shipments recognized in revenue to
be in the range of approximately 4.15 gw to 4.2 gw
* Qtrly gross margin was 14.9%, compared to 15.2% in the second quarter of
2015.
* For 2015, co updating guidance for total module shipments recognized in
revenue to be in range of about 4.15 gw to 4.2 gw
* Says Q4 gross margin expected to be between 13% and 15%
* Says plans to expand its wafer, cell and module capacities to 1.0 gw, 3.4 gw
and 5.63 gw, respectively, by December 31, 2016
* Q4 revenue view $774.1 million -- Thomson Reuters I/B/E/S
* FY 2015 revenue view $3.01 billion -- Thomson Reuters I/B/E/S

* Source text for Eikon urn:newsml:reuters.com:*:nPnXgGQz
* Further company coverage CSIQ.O

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