Canadian Solar Inc. (NASDAQ:CSIQ) reported a drop to a loss in the fourth quarter driven by higher costs. Reported a loss of $59.9 million ($1.39 per diluted share) in the quarter. Canadian Solar Inc. had a net income of $25.5 million or 58 cents per share in the year-earlier quarter. Revenue rose 4.7% to $474.1 million from the year-earlier quarter. Canadian Solar Inc. fell short of the mean analyst estimate of a loss of 40 cents per share. It fell short of the average revenue estimate of $485 million.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, remarked: “Canadian Solar continued to execute and thrive in a highly challenging global market and benefit from customers flight to quality. Our ability to remain focused and to provide customers with innovative, high-quality solar energy solutions, with top notch support, helped us grow our market share. Shipments for the full year 2011 were up 65%, with a 23% increase in the fourth quarter. The strength was widely distributed, as we had a very good trend of wins at major clients. As for specific markets, we had positive growth in the U.S., Europe, China and India in 2011.”
Competitors to Watch: First Solar, Inc. (NASDAQ:FSLR), Trina Solar Limited (NYSE:TSL), SunPower Corporation (NASDAQ:SPWRA), JA Solar Hldgs. Co., Ltd. (NASDAQ:JASO), China Sunergy Co., Ltd. (NASDAQ:CSUN), Suntech Power Hldgs. Co., Ltd. (NYSE:STP), Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE), LDK Solar Co., Ltd (NYSE:LDK), General Electric (NYSE:GE) and Evergreen Solar, Inc. (NASDAQ:ESLR).
TheStreet Inc. (NASDAQ:TST) reported its results for the fourth quarter. Loss widened to $2.4 million (8 cents per diluted share) from $1.7 million (loss of 7 cents per share) in the same quarter a year earlier. Revenue fell 2.8% to $14.3 million from the year-earlier quarter.
“During the fourth quarter, our business continued to make solid progress in a number of our key strategic initiatives,” said Daryl Otte, the Company’s Chief Executive Officer. “The size of our audience continued to grow, fueled in large part by the expanding distribution associated with our new TheStreet Business Desk service, which is seeing excellent adoption rates. Download and usage patterns of our new mobile services accelerated and we saw steady growth from our new institutional premium service.”
Competitors to Watch: Yahoo! Inc. (NASDAQ:YHOO), Google Inc. (NASDAQ:GOOG), AOL, Inc. (NYSE:AOL), Banks.com Inc (AMEX:BNX), Microsoft Corporation (NASDAQ:MSFT), China Finance Online Co. (NASDAQ:JRJC), Time Warner Inc. (NYSE:TWX), AOL Inc. (NYSE:AOL), Pearson (NYSE:PSO), WebMD Health Corp. (NASDAQ:WBMD), CBS (NYSE:CBS), News Corp. (NASDAQ:NWSA) and IAC/InterActiveCorp (NASDAQ:IACI).
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