UPDATE: Canadian Solar Posts Q4 Net Profit

Canadian Solar

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.