LDK Solar (LDK) Posts $.87 Loss
LDK Solar (NYSE: LDK) posted a quarterly loss of $.87. That compares to a loss of $.72 in the same period a year ago. Revenue fell from $499 million to $472 million, quarter over previous quarter. Cash fell to $262…
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LDK Solar (NYSE: LDK) posted a quarterly loss of $.87. That compares to a loss of $.72 in the same period a year ago.
Revenue fell from $499 million to $472 million, quarter over previous quarter.
Cash fell to $262 million.
The company’s CEO Xiaofeng Peng said “Weak market demand and rapidly declining average selling prices throughout the solar supply chain resulted in shipment volumes and revenues lower than what we previously anticipated.”
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