11:54 AM EST - Canadian Solar, Inc. : pre-announced select fourth-quarter financial results including net revenues, which is within the range of analysts' estimates. The company expects fourth quarter net revenues in the range of $66 million to $71 million. Nine analysts polled by Thomson Reuters, on average, expect revenue of $69.29 million for the quarter.Gross margin for the fourth quarter is expected to be negative, reflecting the weak Euro, a decline in module pricing in December, and an inventory revaluation provision that resulted from a rapid decline in the raw material pricing in December 2008. Canadian Solar, Inc.
shares CSIQ are trading down $0.36 at $4.64.
