Market Overview

UPDATE: Canadian Solar Posts Q4 Net Profit

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Canadian Solar (NASDAQ: CSIQ) reported a profit in the fourth-quarter net profit.

Canadian Solar posted a quarterly net income of $20.9 million, or $0.39 per share, versus a year-ago net loss of $105 million, or $2.43 per share.

Its revenue climbed 76% to $519.5 million.

Canadian Solar expects first-quarter revenue of $415 million to $430 million.

Canadian Solar shares fell 6.53% to $40.82 in pre-market trading.

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