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发表于 2010-4-21 01:20 PM
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what's wrong with csiq ? don't own it, just curious
layschips 发表于 2010-4-21 13:07 
I found it anyway...
-15% is quite something...
Canadian Solar shares sink on currency loss
Associated Press, 04.21.10, 01:16 PM EDT
NEW YORK -- Shares of Canadian Solar Inc. tumbled on Wednesday, a day after the solar cell maker said it expects to record a foreign exchange loss of up to $20 million in the first quarter.
Late Tuesday the company said that depreciation of the euro to the dollar will result in a first-quarter pretax foreign exchange loss of between $18 million and $20 million.
Collins Stewart analyst Dan Ries, who rates the stock "Hold," advised investors to "remain on the sidelines if they are not currently involved in the shares."
The foreign exchange charge exceeded his expectations of $8 million and cut away at Ries' first-quarter earnings-per-share estimate.
Canadian Solar ( CSIQ - news - people ) also indicated first-quarter gross margins in the range of 13 percent to 13.5 percent, which is below earlier predictions of "mid-teens." Ries said selling price weakness is hampering margins. Ries cut his first-quarter estimates to a loss of 1 cent from a profit of 37 cents per share. Excluding special charges, he expects adjusted earnings of 37 cents per share.
Analysts polled by Thomson Reuters expect a first quarter profit of 49 cents per share. Analysts typically exclude one-time items. |
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