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

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.


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