Canadian Solar Inc. (CSIQ.US) Q1 photovoltaic module shipments exceed expectations, Q2 revenue guidance exceeds expectations.

According to the Wise Finance app, Canadian Solar Inc. (CSIQ.US) reported a year-on-year decrease in revenue of 9.8% to $1.2 billion in the first quarter, exceeding market expectations by $100 million. However, the non-GAAP loss per share was $1.07, falling short of market expectations. The company also announced better-than-expected revenue guidance for the second quarter. Following the announcement, as of the time of writing, the company's stock price rose by 4.35% in pre-market trading.