UPDATE: Canadian Solar Swings To Q3 Loss

Canadian Solar Inc (NASDAQ: CSIQ) swung to a Q3 net loss.

Canadian Solar posted a quarterly net loss of US$43.9 million, or $1.02 per share, versus a year-ago net income of $20.3 million, or $0.47 per share. Its revenue climbed to $499.6 million from $377.2 million. However, analysts were expecting a loss of $0.52 per share on revenue of $497.9 million.

Canadian Solar shares fell 7.56% to close at $2.20 yesterday.