LDK Solar (LDK) Reports 3rd Quarter Results, Growing Sales Fuel Higher Earnings

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09:14:03 am on November 19, 2008

In some good news, LDK Solar reported its 3rd quarter results today. The company’s third quarter earnings jumped due to higher demand and increased sales. For example, revenue jumped a whopping 241% to $541.8 million, beating the company’s own predictions. Net income increased from $41.6 million, or 37 cents per American Depositary share, one year ago to $88.4 million or 77 cents per ADS, beating Wall Street analysts’ expectations of 71 cents per share.

Additionally, the company stated that its manufacturing capacity is now at 1.8 GW as of the end of the third quarter.

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