Wednesday, February 20, 2008

LDK Solar Gives Q1 Outlook; Backs FY08 Revenue Forecast


LDK Solar Co., Ltd. (LDK) said on Tuesday that it expects first-quarter earnings per ADS in the range of $0.39 - $0.44. The company also sees revenues between $195 million and $210 million and wafer shipments between 93 MW and 98 MW for the quarter.

On average, four analysts polled by First Call/Thomson Financial expect the company to earn $0.39 per share in the first quarter, on revenues of $221.79 million.

The company said that it experienced some shipment delays due to the recent severe weather conditions in China. The company expects this disruption to be minor and plans to return to a normal operating schedule by February 12, 2008.

The company also stated that the severe weather would have no significant impact on the progress of the polysilicon plant construction and reiterated its polysilicon production target of 100 metric tons to 350 metric tons in 2008.

Further, LDK Solar said that it is not revising its previously provided full-year 2008 financial outlook. The company estimates fiscal 2008 revenues between $960 million and $1 billion and wafer shipments between 510 MW and 530 MW. The analysts expect revenues of $1.05 billion for the year 2008.

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