Canadian Solar Q2 EPS $2.39 Vs $1.07 Prior Year, Sales $2.36B Miss $2.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar (NASDAQ:CSIQ) reported Q2 earnings of $2.39 per share, a 123.36% increase from the same period last year. However, the company's quarterly sales of $2.36 billion missed the analyst consensus estimate of $2.48 billion by 4.68%.
August 22, 2023 | 10:03 am
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Canadian Solar's Q2 earnings per share increased significantly, but sales missed estimates. This mixed result could lead to uncertainty in the market.
Canadian Solar's earnings per share increased significantly, indicating strong profitability. However, the missed sales estimate could signal potential issues with revenue growth, leading to mixed market reactions.
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