May 28 (Reuters) - Canadian Solar Inc CSIQ.O :
* CANADIAN SOLAR REPORTS FIRST QUARTER 2020 RESULTS
* Q1 EARNINGS PER SHARE $1.84
* Q1 REVENUE $826 MILLION VERSUS REFINITIV IBES ESTIMATE OF $792.6 MILLION
* Q1 EARNINGS PER SHARE ESTIMATE $0.86 -- REFINITIV IBES DATA
* QTRLY TOTAL MODULE SHIPMENTS INCREASED 41% YEAR-OVER-YEAR TO 2.2 GW
* COMPANY IS WITHDRAWING ITS 2020 ANNUAL FINANCIAL GUIDANCE
* COVID-19'S IMPACT ON DEMAND FOR PRODUCTS AND SERVICES WAS LIMITED IN Q1
* REMAIN CAUTIOUS GIVEN MARKET UNCERTAINTY AND EXPECTED SOFTNESS IN SECOND HALF OF 2020
* CONTINUE TO MONITOR MACROECONOMIC SITUATION AND TAKE CONTINGENCY MEASURES TO PRESERVE CASH AND MINIMIZE RISK
* CANADIAN SOLAR - FOR Q2 OF 2020, EXPECTS TOTAL MODULE SHIPMENTS TO BE IN RANGE OF 2.5 GW TO 2.7 GW
* FOR Q2 OF 2020 TOTAL REVENUES ARE EXPECTED TO BE IN RANGE OF $630 MILLION TO $680 MILLION
* FOR Q2 OF 2020 GROSS MARGIN EXPECTED TO BE BETWEEN 18.5% AND 20.5%
* CANADIAN SOLAR - CONTINUES TO EXPECT TOTAL SOLAR MODULE SHIPMENTS FOR YEAR OF 2020 TO BE IN RAGE OF 10 GW TO 12 GW, AS PREVIOUSLY GUIDED