{"id":29418,"date":"2012-06-27T14:54:36","date_gmt":"2012-06-27T18:54:36","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29418"},"modified":"2012-06-27T14:54:36","modified_gmt":"2012-06-27T18:54:36","slug":"ldk-solar-posts-losses","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/06\/27\/ldk-solar-posts-losses\/","title":{"rendered":"LDK SOlar Posts Losses"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v20b702ff24018723b69b5990ea5fbea8d9a0249a&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v20b702ff24018723b69b5990ea5fbea8d9a0249a&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>LDK Solar announced some bad news today. The China-based solar equipment manufacturer posted an unexpectedly large quarterly loss. It also forecast weak second quarter sales. This move sent company shares plunging more than 8 percent.The company&#8217;s first quarter net loss came in at $135.8 million, contrasted with last year&#8217;s net profit of $135.4 million. Forecasted second quarter sales are between $220 and $270 million, below the expected $370.4 million. Solar panel prices have plummeted over the past year due to a supply glut, closing down many solar companies. LDK Solar will likely issue new long-term debt to reduce its shorter-term facilities, but experts believe that may not be enough to protect it from bankruptcy.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/06\/27\/1_gw2o7xes_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/06\/27\/1_gw2o7xes_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LDK Solar announced some bad news today. The China-based solar equipment manufacturer posted an unexpectedly large quarterly loss. It also forecast weak second quarter sales. This move sent company shares plunging more than 8 percent.The company&#8217;s first quarter net loss came in at $135.8 million, contrasted with last year&#8217;s net profit of $135.4 million. Forecasted &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/06\/27\/ldk-solar-posts-losses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LDK SOlar Posts Losses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29418","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29418"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29418\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}