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Here's the last of the trio from Tech Trader Daily:
LDK Solar (LDK) this afternoon posted Q2 results and third quarter guidance that fell short of Street expectations.
For the quarter, the company reported revenue of $228.3 million, down from $283.3 million in Q1 and $441.7 million a year ago, and below the Street consensus of $236.1 million.
LDK posted a net loss for the quarter of $216.9 million or $2.03 a share, reflecting an inventory writedown of $175.8 million and a loss of $16.7 million on firm puchase commitments of polysilicon materials. Gross margin in the quarter was -90%; operating margin was -102.9%.>>>MORE
