LDK Solar (LDK) Posts Wider than Expected Q4 Loss; Guides Light Q1 Sales
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LDK Solar (NYSE: LDK) reported Q4 EPS of ($4.63), $3.86 worse than the analyst estimate of ($0.77). Revenue for the quarter came in at $420.2 million versus the consensus estimate of $429.33 million.
Shipped 197.1 megawatts (MW) of wafers, 255.5 MW of cells and modules in the fourth quarter
Sees FY2012 revenue of $190-$230 million, versus the consensus of $397.15 million. Also sees FY12 wafer shipments between 140 MW and 150 MW, cells and module shipments between 170 MW and 180 MW, in-house polysilicon production between 1,800 MT and 1,900 MT and in-house cell production between 40 MW and 50 MW.
Sees FY2012 revenue of $2.0-$2.7 million, versus the consensus of $2.04 million. Sees polysilicon production between 12,000 MT and 15,000 MT, of which shipments to 3rd party customers are expected to be between 6,000 MT and 8,000 MT, wafer production between 2.7 gigawatts (GW) and 3.3 GW, of which shipments to 3rd party customers are expected to be between 1.5 GW and 2.0 GW, in-house cell production between 1.2 GW and 1.6 GW, and module production between 1.2 GW and 1.6 GW, with cell and module shipments to 3rd party customers between 1.0 GW and 1.3 GW and inverter shipments between 200 MW to 250 MW. LDK Solar expects PV system project construction to be in the range of 400 MW to 600 MW and to recognize between 270 MW and 360 MW through project sales and EPC services for 3rd party customers.
For earnings history and earnings-related data on LDK Solar (LDK) click here.
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Shipped 197.1 megawatts (MW) of wafers, 255.5 MW of cells and modules in the fourth quarter
Sees FY2012 revenue of $190-$230 million, versus the consensus of $397.15 million. Also sees FY12 wafer shipments between 140 MW and 150 MW, cells and module shipments between 170 MW and 180 MW, in-house polysilicon production between 1,800 MT and 1,900 MT and in-house cell production between 40 MW and 50 MW.
Sees FY2012 revenue of $2.0-$2.7 million, versus the consensus of $2.04 million. Sees polysilicon production between 12,000 MT and 15,000 MT, of which shipments to 3rd party customers are expected to be between 6,000 MT and 8,000 MT, wafer production between 2.7 gigawatts (GW) and 3.3 GW, of which shipments to 3rd party customers are expected to be between 1.5 GW and 2.0 GW, in-house cell production between 1.2 GW and 1.6 GW, and module production between 1.2 GW and 1.6 GW, with cell and module shipments to 3rd party customers between 1.0 GW and 1.3 GW and inverter shipments between 200 MW to 250 MW. LDK Solar expects PV system project construction to be in the range of 400 MW to 600 MW and to recognize between 270 MW and 360 MW through project sales and EPC services for 3rd party customers.
For earnings history and earnings-related data on LDK Solar (LDK) click here.
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