UPDATE: Canadian Solar Swings To Q3 Profit

Canadian Solar

posted a profit in the third quarter. Canadian Solar swung to a quarterly net income of $27.7 million, or $0.56 per share, versus a year-ago net loss of $43.7 million, or $1.01 per share. Its revenue climbed 51% to $490.9 million. Canadian Solar shares closed at $28.23 yesterday.