(RTTNews) – Canadian Photo voltaic Inc. (CSIQ) reported a revenue for its third quarter that elevated from the identical interval final yr.
The corporate’s earnings totaled $35.24 million, or $0.56 per share. This compares with $8.83 million, or $0.15 per share, in final yr’s third quarter.
Excluding objects, Canadian Photo voltaic Inc. reported adjusted earnings of $28.24 million or $0.42 per share for the interval.
Analysts had anticipated the corporate to earn $0.18 per share, in accordance with figures compiled by Thomson Reuters. Analysts’ estimates usually exclude particular objects.
The corporate’s income for the quarter rose 35.2% to $1.23 billion from $0.91 billion final yr.
Canadian Photo voltaic Inc. earnings at a look:
-Earnings (Q3): $28.24 Mln. vs. $9.06 Mln. final yr.
-EPS (Q3): $0.42 vs. $0.15 final yr.
-Analysts Estimate: $0.18
-Income (Q3): $1.23 Bln vs. $0.91 Bln final yr.
Subsequent quarter income steering: $1.5 – $1.6 Bln
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.