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LDK Solar (LDK) Plunges to New Lows After Cutting Guidance
LDK Solar (LDK) is hitting new all time lows this morning, gapping down 14% after cutting guidance after the bell yesterday. The company warned it would slow expansion and lose $135 – $145 million in the 4th quarter which would represent the first loss in company history. It’s revised revenue outlook for the 4th quarter has fallen to $415 – $435 vs the analyst estimate of $432 million.
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