LDK's (LDK) Q4 Earnings Miss Pushing Down Solar Sector Today

Stocks in the Solar sector are underperforming the broader markets this morning as LDK Solar (NYSE: LDK) issued a concerning Q4 earnings report yesterday after the market closed. Shares of LDK have now fallen more than 6%; the solar group as a whole, as measured by the Claymore/MAC Global Solar Index ETF (NYSE: TAN), is now down 1.75%.

On a GAAP basis, LDK reported a 74% decline in earnings from a gain of $0.27 last year to a loss of $0.07 in this most recent quarter. Excluding items, however, the solar manufacturer turned a $0.03 profit but the results could not stack against the Street's expectations of a $0.12 gain. LDK's sales for the quarter came in better than the Street had been expecting: $304.6 million versus the consensus estimate of $301.9 million.

Taking a look forward, LDK guided sales in the range of $310-$330 million, just about inline with the $321 million the Street is currently looking for.

Shares of LDK Solar last traded at $6.59.

UPDATE: Click here to see some highlights from LDK's Q4 conference call.

You May Also Be Interested In

• Moderna begins Phase 1 trial of Bundibugyo ebolavirus vaccine
• Kartoon Studios names ex-Activision Blizzard executive as SVP
• Entera Bio EB613 phase 2 data selected for ASBMR 2026 plenary