ldk solar co ltd -adr (LDK) Snapshot

LDK Solar Co., Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s net sales for the first quarter of fiscal 2013 were $104,341,000, compared to $135,898,000 for the fourth quarter of fiscal 2012, and $200,100,000 for the first quarter of fiscal 2012. Loss from operations for the first quarter of fiscal 2013 was $93,229,000, compared to loss from operations of $423,533,000 for the fourth quarter of fiscal 2012, and loss from operations of $135,800,000 for the first quarter of fiscal 2012. Loss before income tax was $157,392,000 against $476,988,000 a year ago. Net loss available to the company’s shareholders for the first quarter of fiscal 2013 was $187,086,000, or a loss of $1.21 per diluted ADS, compared to net loss of $548,502,000, or a loss of $3.91 per diluted ADS for the fourth quarter of fiscal 2012 and net loss of $185,200,000, or a loss of $1.46 per diluted ADS for the first quarter of fiscal 2012. Capital expenditures were $6,600,000 in the first quarter, which mainly includes $4.5 million for wafers. The company provided revenue guidance for the second quarter of fiscal 2013. For the year, the company expects its revenue to be in the range of $100 million to $150 million, wafer shipments between 250 MW and 300 MW and cell and module shipments between 30 MW and 40 MW. The company anticipates CapEx for the second quarter of 2013 will continue to be relatively low.

LDK Solar Co., Ltd., Special/Extraordinary Shareholders Meeting, Jun 06, 2013. Agenda: To discuss resolutions proposes in the EGM notice, including the issuance of 25,000,000 ordinary shares of the company to Fulai Investments Limited, at a price of $1.03 per share, for an aggregate purchase price of $25,750,000.

LDK Solar Co., Ltd. announced that they will report Q1, 2013 results Pre-Market on Jun 11, 2013