RTTNews | Mar 18, 2021 06:30AM EDT

06:30 Thursday, March 18, 2021 (RTTNews.com) - Canadian Solar Inc. (CSIQ) reported a profit for fourth quarter that declined from the same period last year.

The company's earnings totaled $6.64 million, or $0.11 per share. This compares with $67.74 million, or $1.12 per share, in last year's fourth quarter.

Analysts had expected the company to earn -$0.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.0% to $1.04 billion from $0.92 billion last year.

Canadian Solar Inc. earnings at a glance:

-Earnings (Q4): $6.64 Mln. vs. $67.74 Mln. last year.-EPS (Q4): $0.11 vs. $1.12 last year.-Analysts Estimate: -$0.55-Revenue (Q4): $1.04 Bln vs. $0.92 Bln last year.

-Guidance:Next quarter revenue guidance: $1.0 - $1.1 Bln

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