EmailLDK Solar (LDK $5.93 +0.09) reported second quarter loss of ($0.62)
per share, $0.29 worse than the Capital IQ Consensus Estimate of ($0.33).
Revenues fell 11.7% year/year to $499.4 million versus the $478.8 million
consensus.
For the third quarter, the company expects to see upside revenue guidance of
$630 million to $680 million versus the $584.70 million Capital IQ Consensus
Estimate.
The company reaffirmed its fiscal year 2011 revenue guidance at $2.5 billion to
$2.7 billion versus the $2.45 billion Capital IQ Consensus Estimate.
"In recent weeks, we have seen average selling prices begin to stabilize and
improvement to order patterns. We have continued to gain traction in expanding
our presence in key markets such as North America and China. In the U.S., our
recently established sales and marketing operation has already begun to gain
traction in winning large module contracts. In China, we are encouraged by the
announcement of the unified national feed-in-tariff program. We have an
established, strong market position in our domestic market and see significant
long-term growth opportunities... Going forward, based on our current pipeline
of business, we believe growth will resume in the second half of 2011."
than one year.
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