BeaconEquity.com announces the publication of ‘Canadian Solar Inc. (CSIQ) Reports 879 Percent Increase in Sales to $171.2 Million’
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In the article the author covers Canadian Solar Inc. Reports 879 Percent Increase in Sales:
“The present global economic climate creates far-reaching effects on most sectors of the economy, casting changes on consumer demand for various commodities. As a major component of the economy, the semiconductor industry focuses on consumer demand as an essential determining factor. According to the Semiconductor Industry Association (SIA), semiconductor demand is driven more than 50 percent by consumers, currently driving prices higher on on-going global increase in demand.
Canadian Solar Inc. (CSIQ), together with its subsidiaries, engages in the design, development, manufacture and marketing of solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules to general specifications for use in various residential, commercial and industrial solar power generation systems.
Recently, Canadian Solar reported earnings of 61 cents per share, compared with a loss of 14 cents in the year-ago quarter. Wall Street's earnings estimate was lower at 31 cents per share. With company sales surging 879 percent to $171.2 million, analysts' forecast for $151.9 million was far exceeded.”
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