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SMALL BUSINESS
LDK Solar Updates Outlook for the Third Quarter of 2009
PR Newswire
XINYU CITY,
China and
SUNNYVALE, Calif. ,
Oct. 27 /PRNewswire-FirstCall/ --
LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline
solar wafers, today provided an updated outlook for its third quarter 2009
financial results. For the third quarter of 2009, LDK Solar expects to report
between
$270 million and $290 million in revenue with wafer shipments between
310 megawatts ("MW") to 330 MW and module shipments between 5 MW to 10 MW.
The Company's prior guidance for the third quarter was revenue of
$240 to $270
million , wafer shipments of 260 MW to 300 MW and module shipments of 10 MW to
20 MW.
This outlook for the three months ended
September 30, 2009 is an estimate.
Results are subject to change based on further review by the management. Once
the third quarter reporting date is finalized, LDK Solar will issue a press
release announcing the date and details of its third quarter conference call.
About LDK Solar (NYSE: LDK)
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar
wafers, which are the principal raw material used to produce solar cells. LDK
Solar sells multicrystalline wafers globally to manufacturers of photovoltaic
products, including solar cells and solar modules. In addition, LDK Solar
provides wafer processing services to monocrystalline and multicrystalline
solar cell and module manufacturers. LDK Solar's headquarters and
manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City,
Safe Harbor Statement
This press release contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical fact in this press
release are forward-looking statements, including but not limited to, LDK
Solar's ability to raise additional capital to finance its operating
activities, the effectiveness, profitability and marketability of its
products, the future trading of its securities, the ability of LDK Solar to
operate as a public company, the period of time during which its current
liquidity will enable LDK Solar to fund its operations, its ability to protect
its proprietary information, the general economic and business environment and
conditions, the volatility of LDK Solar's operating results and financial
condition, its ability to attract and retain qualified senior management
personnel and research and development staff, its ability to timely and
efficiently complete its ongoing construction projects, including its
polysilicon plants, and other risks and uncertainties disclosed in LDK Solar's
filings with the Securities and Exchange Commission. These forward-looking
statements involve known and unknown risks and uncertainties and are based on
information available to LDK Solar's management as of the date hereof and on
its current expectations, assumptions, estimates and projections about LDK
Solar and the solar industry. Actual results may differ materially from the
anticipated results because of such and other risks and uncertainties. LDK
Solar undertakes no obligation to update forward-looking statements to reflect
subsequent events or circumstances, or changes in its expectations,
assumptions, estimates and projections except as may be required by law.
SOURCE LDK Solar Co., Ltd.
2009-10-27 03:30:00
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