Thursday, May 15, 2008

LDK Solar sees 2Q sales besting analyst estimates

Associated Press 05.12.08

NEW YORK - Chinese solar wafer maker LDK Solar Co. Ltd. on Monday predicted its second-quarter sales will surpass analysts' forecasts.

The company predicted revenue of $278 million to $288 million.

Analysts surveyed by Thomson Financial are forecasting revenue of $252 million, on average.
For the full year, LDK predicted revenue of $1.08 billion to $1.18 billion. Analysts expect sales of $1.08 billion.

LDK expects to ship 136 to 146 megawatts of solar wafers in the quarter, and 560 to 580 megawatts for the year.

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