The number looks good, guided 4th qtr up? Are we being played by shorts here? Can't find too many comapanies these days have this kind of rev and earning growth.
" Net income jumped to $41.6 million, or 37 cents per diluted American Depository Share (ADS), from $5.0 million, or 4 cents per diluted ADS, for the third quarter of fiscal 2006.
Sales increased over 400 percent to $158.7 million.
Analysts, on average, expected earnings of 37 cents on revenues of $145.35 million, according to Reuters Estimates.
"With the inventory investigation behind us, we have returned our focus to growing our business," said Chairman and Chief Executive Xiaofeng Peng.
Third-quarter results were driven by continued robust demand for wafers as LDK Solar expanded its customer base. The company signed four long-term wafer supply contracts during the third quarter and five more since the quarter closed.
LDK Solar is on track to meet wafer production capacity goals by the end of 2007, and construction of a polysilicon plant is on track with the original plan, Peng said.
Polysilicon is used to manufacture solar wafers in solar panels that turn sunlight into electricity. Tight supplies of the material have driven up costs for some solar wafer producers.
For the fourth quarter, LDK Solar estimated revenue in the range of $180 million to $185 million, with diluted earnings in the range of 40 cents to 43 cents per ADS.
Analysts currently expect earnings of 40 cents per ADS on revenue of $166.2 million. (Reporting by Steve James; Editing by Jeffrey Benkoe)"
Shrinking margins are worrying investors into the conference call. if LDK management re-assures people that they have margins under control for q4 and 2009, then the price will return to at least 66 in after hours trading and gap up tomorrow at the open.
If they bomb the conference call, as they did last time, I'd expect a range of 59-61.
You are missing the manipulation of those that bashed it bought it 4 weeks ago for 28 and dumped at 70 now they will exaggerate and say LDK has low margins and will lose profit for the future thus driving the price down again....don't be surprised....