UPDATE: LDK Solar Posts Q4 Loss, Projects Downbeat Q1 Revenue

LDK Solar Co Ltd LDK swung to a loss in the fourth quarter. It also expects weaker-than-expected revenue for the first quarter. LDK Solar projects Q1 revenue of $190 million to $230 million, versus analysts' estimates of $397.2 million. LDK Solar posted a quarterly loss of $588.7 million, or $4.63 per American Depositary Shares (ADS), versus a year-ago profit of $145.2 million, or $1.09 per ADS. Its net sales dipped 54% to $420.2 million. Analysts were expecting a loss of $0.85 per share on revenue of $431.6 million. LDK Solar shares closed at $2.95 on Friday.