March 21 (Reuters) - Canadian Solar Inc CSIQ.O :
* CANADIAN SOLAR REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS
* Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.61
* Q4 EARNINGS PER SHARE $1.81
* SEES FY 2019 REVENUE $3.5 BILLION TO $3.8 BILLION
* SEES Q1 2019 REVENUE $450 MILLION TO $480 MILLION
* Q4 REVENUE $901 MILLION VERSUS REFINITIV IBES ESTIMATE OF $872 MILLION
* Q4 EARNINGS PER SHARE ESTIMATE $1.01 -- REFINITIV IBES DATA
* APPOINTMENT OF ARTHUR (LAP TAT) WONG AS AN INDEPENDENT DIRECTOR OF COMPANY, EFFECTIVE MARCH 8, 2019
* FOR Q1 OF 2019, COMPANY EXPECTS TOTAL SOLAR MODULE SHIPMENTS TO BE IN RANGE OF APPROXIMATELY 1.3 GW TO 1.4 GW
* APPOINTMENT OF ARTHUR (LAP TAT) WONG INCREASED SIZE OF BOARD OF DIRECTORS FROM FIVE TO SIX DIRECTORS
* CANADIAN SOLAR - HAD $941.0 MILLION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AS OF DEC 31, 2018, COMPARED TO $995.0 MILLION AS OF SEPT 30, 2018
* CANADIAN SOLAR - SEES NET PROFIT FOR Q1 TO BE LOW OR NEGATIVE, DUE TO TYPICAL LOWER PRODUCTION AND SALES VOLUME DURING CHINESE NEW YEAR HOLIDAY
* INVENTORIES AT END OF Q4 OF 2018 WERE $262.0 MILLION, COMPARED TO $322.0 MILLION AT END OF Q3 OF 2018
* EXPECT 2019 FINANCIAL RESULTS TO BE LOWER THAN 2018
* EXPECT A REBOUND IN PROJECT SALES IN 2020 AND BEYOND
* CURRENTLY EXPECTS ITS NET PROFIT FOR 2019 TO BE LOWER THAN 2018
* FY2019 EARNINGS PER SHARE VIEW $2.48, REVENUE VIEW $3.94 BILLION -- REFINITIV IBES DATA