Canadian Solar Inc CSIQ swung to a loss in the first quarter.
Net loss attributable to Canadian Solar came in at $21.3 million, or $0.49 per share, versus a year-ago profit of $5.9 million, or $0.13 per share. Its revenue dropped 26.5% to $325.8 million.
Canadian Solar's gross margins fell to 7.7% from 14.7%.
Canadian Solar shares closed at $3.21 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in