Maybe a day makes all the difference world, at least with a hi-beta stock like LDK Solar Co. (NYSE: LDK) after a more than 50% haircut.
LDK Solar posted earnings of $0.44 EPS on $192.8 million in revenues. First Call was at $0.51 and $183.1 million. As far as guidance, the company gave next quarter at $0.41 EPS to $0.45 EPS on $210 to $220 million in revenues, while estimates were $0.40 EPS and $219.7 million. It also gave guidance of $960 million to $1.0 Billion for all of 2008, while estimates were pegged at and $1.06 Billion.
Shares of LDK closed up 4.5% in regular trading at $32.46 today. The shares are up 4% at $33.80 in after-hours trading. The 52-week trading range is $22.27 to $76.75.
After looking at the guidance, this appears in-line with much of the guidance offered in January when shares were far higher than today. Maybe Wall Street is finally setting the bar the lower for these hi-beta names in alternative energy.
Jon C. Ogg
February 25, 2008
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
