LDK Solar Q3 results to beat expectation

Thu. October 09, 2008; Posted: 03:28 AM

BEIJING, Oct 09, 2008 (Xinhua via COMTEX) -- LDK | Quote | Chart | News | PowerRating -- China's multicrystalline solar wafer producer LDK Solar Co., Ltd. (LDK.NYSE) expects to record 530 million to 540 million US dollars of revenue in the third quarter with wafer shipment at 230 to 240 MW, according to LDK Solar's latest performance guidance.

Earlier, LDK forecasted 486 million-496 million US dollars of revenue and 210-220 MW of wafer shipment in the third quarter.

The latest business guidance is based on preliminary data for the third quarter.

Meanwhile, LDK Solar reached 1.2 GW of annualized wafer production capacity by end of the third quarter, about three months ahead of the previous plan.

LDK Solar aims to develop into the largest and lowest-cost maker of wafer manufacturer in the world in a bid to meet growing demand for solar cells worldwide.

For full details on LDK Solar Co Ltd (LDK) click here. LDK Solar Co Ltd (LDK) has Short Term PowerRatings of 4. Details on LDK Solar Co Ltd (LDK) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.