Canadian Solar Q3 Earnings Surpass Estimates, Revenues Fall Y/Y
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Canadian Solar (CSIQ) reported third-quarter revenues of $1.51 billion, missing the Zacks Consensus Estimate by 10.7% and marking an 18.3% decline from the previous year. Despite this, earnings surpassed expectations.
December 06, 2024 | 3:15 pm
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NEGATIVE IMPACT
Canadian Solar's Q3 earnings exceeded expectations, but revenues fell short, missing estimates by 10.7% and declining 18.3% year-over-year.
The earnings beat is overshadowed by the significant revenue miss and year-over-year decline, which could lead to negative sentiment and short-term stock price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100