BUZZ-Canadian Solar Inc: Expects Q3 revenue above estimate

Mon Oct 26, 2015 10:42am EDT
 
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** Solar company's shares up 8.5 pct at $22.37

** Expects Q3 total revenue of $805 mln-$815 mln, up from $570 mln-$620 mln forecast earlier

** Analysts were expecting $616 mln

** Higher demand and sale of 51 pct in a solar power project drive the increase, company says

** Raises Q3 solar module shipments to 1.18 GW-1.23 GW from 970 MW-1.02 GW

** Says settles a legal dispute with LDK Solar Co

** Up to Friday's close, Canadian Solar's shares had fallen 14.5 pct this year