Canadian Solar Announces Preliminary Unaudited Results for its Second Quarter 2008 Ended June 30, 2008
Canadian Solar Inc. (\"the Company\", \"CSI\" or \"we\") (Nasdaq: CSIQ) today announced preliminary unaudited financial results for the second quarter ended June 30, 2008.
Preliminary net revenues for the second quarter 2008 are expected to range from $210 to $214 million, compared to the forecasted range of $185 to $190 million. The preliminary net revenue includes approximately $6 million of silicon and other sales.
The gross profit is expected to be in the range of $33 to $35 million. During the quarter, the company shipped approximately 47MW of solar module products, including about 2.2MW of UMG e-Modules and a small amount of tolling business.
- Published: 14 July 2008
- Written by Editor