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BRIEF-Canadian Solar Reports Third Quarter 2019 Results

Published 2019-11-12, 04:12 p/m
Updated 2019-11-12, 04:29 p/m
© Reuters.  BRIEF-Canadian Solar Reports Third Quarter 2019 Results

Nov 12 (Reuters) - Canadian Solar Inc CSIQ.O :

* CANADIAN SOLAR REPORTS THIRD QUARTER 2019 RESULTS

* Q3 NON-GAAP EARNINGS PER SHARE $0.66

* Q3 GAAP EARNINGS PER SHARE $0.96

* SEES Q4 REVENUE $850 MILLION TO $880 MILLION

* Q3 REVENUE $759.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF $799.5 MILLION

* Q3 EARNINGS PER SHARE ESTIMATE $0.80 -- REFINITIV IBES DATA

* SEES FY 2019 REVENUE $3.13 BILLION TO $3.16 BILLION

* QTRLY TOTAL SOLAR MODULE SHIPMENTS WERE 2,387 MW, COMPARED TO 2,143 MW IN Q2 OF 2019

* FOR Q4 OF 2019, COMPANY EXPECTS TOTAL SOLAR MODULE SHIPMENTS TO BE IN RANGE OF 2.3 GW TO 2.4 GW

* NEAR-TERM REVENUE IS EXPECTED TO BE IMPACTED BY POTENTIAL SHIFT OF CERTAIN PROJECT SALES INTO 1Q 2020 FROM 4Q 2019 DUE TO REVISED SALES SCHEDULES

* FY2019 REVENUE VIEW $3.63 BILLION -- REFINITIV IBES DATA

* Q4 REVENUE VIEW $1.32 BILLION -- REFINITIV IBES DATA

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