Canadian Solar Q2 earns fall 82 percent
BUSINESSWEEK - Canadian Solar's second-quarter net income, weighed down by heavy legal and foreign exchange costs, tumbled 82 percent, the company said Thursday.
The company reported a $9 million foreign exchange charge and legal costs of $4.8 million related to an internal audit committee investigation and a subpoena by the Securities and Exchange Commission. The company said in June that regulators were demanding documents on sales transactions and other events in 2009.
