Canadian solar reports first quarter 2020 results

Canadian solar reports first quarter 2020 results.q1 earnings per share $1.84.q1 revenue $826 million versus refinitiv ibes estimate of $792.6 million.q1 earnings per share estimate $0.86 -- refinitiv ibes data.qtrly total module shipments increased 41% year-over-year to 2.2 gw.company is withdrawing its 2020 annual financial guidance.covid-19's impact on demand for products and services was limited in q1.remain cautious given market uncertainty and expected softness in second half of 2020.continue to monitor macroeconomic situation and take contingency measures to preserve cash and minimize risk.canadian solar - for q2 of 2020, expects total module shipments to be in range of 2.5 gw to 2.7 gw.for q2 of 2020 total revenues are expected to be in range of $630 million to $680 million.for q2 of 2020 gross margin expected to be between 18.5% and 20.5%.canadian solar - continues to expect total solar module shipments for year of 2020 to be in rage of 10 gw to 12 gw, as previously guided.
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