CORRECTED-Canadian Solar reports smaller loss on lower costs

Tue May 28, 2013 7:12am EDT
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(Corrects first-quarter net loss to $4.4 million from $4,377 and year-ago net loss to $21.3 million from $21,342)

May 28 (Reuters) - Canadian Solar Inc reported a smaller quarterly loss as lower manufacturing costs offset weaker panel prices.

The company's net loss narrowed to $4.4 million, or 10 cents per share, in the first quarter, from $21.3 million, or 49 cents per share, a year earlier.

Revenue fell 19 percent to $263.6 million. (Reporting By Kanika Sikka in Bangalore; Editing by Joyjeet Das)