LDK Solar Expects to Meet Capacity Goal

2007 The Associated Press

NEW YORK — Chinese solar wafer maker LDK Solar Co. Ltd. on Wednesday issued a fourth-quarter revenue projection well ahead of current Wall Street predictions and said it remains on track to meet its capacity goal for the year.

LDK said it expects to post a fourth-quarter profit of 40 cents to 43 cents per American Depository Share on $180 million to $185 million in revenue.

Analysts polled by Thomson Financial expect a profit of 41 cents per American Depository Shares on $167.5 million in revenue.

The company also said it expects wafer shipments to total between 87 megawatts and 92 megawatts and remains on track to meet its wafer production capacity goal of 400 megawatts by the end of 2007.

LDK American Depository Shares tumbled $2.11, or 3.2 percent, to $64 in aftermarket trading, after falling $3.89, or 5.6 percent, to $66.11 in the regular session.