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LDK Solar Sales Soar as Demand Rises

Stock quotes in this article: LDK , TSL  

Updated from 7:22 a.m. EST

LDK Solar(LDK Quote), a Chinese maker of solar wafers, said third-quarter revenue more than tripled as demand increased.

Revenue in the quarter rose to $541.8 million from $158.7 million a year earlier. Gross profit soared to $122.9 million from $48.9 million a year earlier.

Net income was $88.4 million, or 77 cents per American depositary share. Analysts estimated third-quarter earnings of 71 cents per ADS. ...

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