Canadian Solar (CSIQ) Q2 Earnings Beat, Revenues Fall Y/Y

Canadian Solar, Inc. (CSIQ) reported second-quarter 2024 earnings of 2 cents per share, which surpassed the Zacks Consensus Estimate of a loss of 1 cent. However, the bottom line declined 99.2% from the second-quarter 2023 reported figure of $2.39 per share.RevenuesCanadian Solar reported revenues of $1.63 billion in the second quarter, which lagged the Zacks Consensus Estimate by 0.4%. The top line also declined 30.8% from the year-ago quarter’s figure of $2.36 billion.This year-over-year decrease was prim ...