LDK Solar (LDK) Posts Q1 Loss of $1.46, Misses Views; Guides Q2, FY12 Revs, Shipments
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LDK Solar (NYSE: LDK) reported Q1 EPS of ($1.46), $0.32 worse than the analyst estimate of ($1.14). Revenue for the quarter came in at $200.1 million versus the consensus estimate of $225.47 million.
Shipped 164.4 megawatts (MW) of wafers, 153.9 MW of cells and modules in the first quarter.
For the second quarter of fiscal 2012, LDK Solar estimates its revenue to be in the range of $220 million to $270 million, wafer shipments between 300 MW and 350 MW, cells and module shipments between 140 MW and 180 MW, in-house polysilicon production between 520 MT and 570 MT and in-house cell production between 80 MW and 100 MW. The Street sees revs of $370.4 million.
For fiscal 2012, LDK Solar estimates its revenue to be in the range of $1.5 billion to $2.0 billion, versus $2.07 billion expected on the Street.
Further, FY12 polysilicon production expected between 5,000 MT and 7,000 MT, of which shipments to 3rd party customers are expected to be between 2,000 MT and 3,000 MT, wafer production between 2.0 gigawatts (GW) and 2.5 GW, of which shipments to 3rd party customers are expected to be between 1.2 GW and 1.5 GW, in-house cell production between 0.7 GW and 1.0 GW, and module production between 0.9 GW and 1.2 GW, with cell and module shipments to 3rd party customers between 0.8 GW and 1.0 GW and inverter shipments between 200 MW to 250 MW.
For earnings history and earnings-related data on LDK Solar (LDK) click here.
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Shipped 164.4 megawatts (MW) of wafers, 153.9 MW of cells and modules in the first quarter.
For the second quarter of fiscal 2012, LDK Solar estimates its revenue to be in the range of $220 million to $270 million, wafer shipments between 300 MW and 350 MW, cells and module shipments between 140 MW and 180 MW, in-house polysilicon production between 520 MT and 570 MT and in-house cell production between 80 MW and 100 MW. The Street sees revs of $370.4 million.
For fiscal 2012, LDK Solar estimates its revenue to be in the range of $1.5 billion to $2.0 billion, versus $2.07 billion expected on the Street.
Further, FY12 polysilicon production expected between 5,000 MT and 7,000 MT, of which shipments to 3rd party customers are expected to be between 2,000 MT and 3,000 MT, wafer production between 2.0 gigawatts (GW) and 2.5 GW, of which shipments to 3rd party customers are expected to be between 1.2 GW and 1.5 GW, in-house cell production between 0.7 GW and 1.0 GW, and module production between 0.9 GW and 1.2 GW, with cell and module shipments to 3rd party customers between 0.8 GW and 1.0 GW and inverter shipments between 200 MW to 250 MW.
For earnings history and earnings-related data on LDK Solar (LDK) click here.
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