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
Wednesday, August 12, 2009
Posted by climateer at 2:33 PM