CSIQ - Canadian Solar's Q4 Module Shipments Shine Despite Revenue Dip Eyes Conservative Q1 Outlook | Benzinga
Canadian Solar Inc (NASDAQ:CSIQ) reported a 14% year-on-year decline in fourth-quarter fiscal 2023 revenue to $1.70 billion, beating the consensus estimate of $1.69 billion.
The 8% sequential revenue decrease reflects a decline in module average selling price (“ASP”), a decline in solar module shipment volume, and lower project sales.
EPS loss was $(0.02), down from $0.32 last quarter and $1.11 in fourth-quarter 2022. The analyst consensus was $0.01.
Total module shipments reached 8.2 GW, up 26% Y/Y and down by 2% sequentially.
Gross profit decreased by 39% Y/Y to $213 million. The profit ...