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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