0.40%SPY 128.21 
0.57%WM 4.65 20.10%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - LDK Solar Co. said Tuesday it expects higher revenue but lower profit than it initially predicted for the first quarter.
| LDK | 33.71 |  -1.3 |
The Chinese solar-power company now expects earnings per share of 40 cents to 44 cents, down a penny from its previous forecast. It increased its revenue outlook by $15 million to a range of $225 million to $235 million.
On average, analysts are expecting profit of 41 cents per share on revenue of $214.7 million, according to Thomson Financial.
LDK warned in February that Chinese New Year holidays and severe snow storms stood to limit its potential in what it characterized as a typically slow season. The solar market has also been experiencing higher polysilicon prices, which eat away at companies' profit margins if the price of finished products does not keep pace.
In premarket electronic trading, LDK shares slipped $1.06, or 3.3 percent, to $31.44, having closed Monday at $32.50.
Radovan Karadzic sent word he plans to defend himself against U.N. genocide char...
"The Dark Knight" made a historical worldwide record of $199.655 million in ticket sales during its first weekend at the theaters, Warn...
Tropical Storm Cristobal headed for the open Atlantic late Sunday as forecasters discontinued tropical storm warnings along the Carolinas. Meanwh...
|
Professional Website Design For Corporate - Get a Free Quote Today
Find the most up to date research from leading investment firms to make the most informed investing decisions
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
