LDK Solar (LDK) Guides Above Prior Range, But Still Expects Large Q2 Loss

Posted by Tate Dwinnell | # |
08:47:48 pm on July 23, 2009

LDK Solar (LDK) is out with an update tonight on results of the 2nd quarter.  The company sees Q2 revenues in the range of $225 – 235 million which is about inline with the analyst estimates and slightly above its previous estimated range.  However, the company expects to post a sizable loss of $180 – 200 million in the quarter mainly due to inventory write downs of $150 – 160 million.  They are estimating shipments for the quarter at 230 – 240MW. 

Shares are up just a bit in after hours trading.

>>>

Tags: earnings, ldk, ldk solar If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments