LDK Solar (LDK) Smashes Estimates, Guides Way Above

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06:59:02 pm on August 10, 2010

LDK Solar (LDK) has hit it out of the park today, smashing analyst estimates and guiding way above estimates for next quarter and the full year.  The company reported a Q2 EPS of $0.36, 14 cents better than the analyst estimate of $0.22 on revenues of $565.3 million, vs the estimate of $458.40 million.  That’s good for jumps of 118% and 148% in EPS and revenue quarter over quarter respectively.

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The good news doesn’t end there for LDK which guided way above estimates as well.  They now see Q3 revenues in the range of $570 – $600 million vs the estimate of $422 million.  For the full year, they see revenues in the $1.95 – $2 billion range while analysts expected $1.6 billion.

CEO Xiaofeng Peng commented on the quarter:  “We were very pleased to exceed expectations for the second quarter which reflected the continued improvement in the operating environment for the solar industry and consistent execution by our team.  Our business momentum remained strong across key metrics.  We achieved record quarterly revenue, robust growth in wafer shipments, stable ASPs and improved profitability.

Shares of LDK are up about 5% in after hours trading and closing in on resistance at the April high of 8.53. 

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