Stock Market Trends: Hot, Hot, Hot
LDK Solar (LDK) is smoking hot in after hours, gaining over 23% at the moment. The company reported earnings of $1.29 per share, a full 87 cents ahead of estimates. Revenues soared almost 346% as well. It sees Q3 revenues around $490 million, which is mountains above the current consensus of $307 million. This is one of the biggest beats we have seen in a long time. It begs the question of why they didn’t guide higher, but one thing is for sure: this stock is going much higher.
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