Canadian Solar posts profit as solar module shipments rise

Fri May 16, 2014 6:12am EDT
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May 16 (Reuters) - Canadian Solar Inc posted its third straight quarterly profit as the company shipped more solar modules.

Net income attributable to the company was $3.8 million, or 7 cents per share, for the first quarter ended March 31 compared with a net loss of $4.4 million, or 10 cents per share, a year earlier.

Revenue rose 77 percent to $466.3 million.

(Reporting by Anannya Pramanick and Shubhankar Chakravorty in Bangalore; Editing by Kirti Pandey)