MEMC Reports Loss, Guides Firm
MEMC Electronic Materials Inc. (NYSE:WFR) reported first-quarter 2012 adjusted net loss per share of 26 cents, which missed the Zacks Consensus Estimate of 15 cents loss per share. The ongoing weakness in semiconductor and solar chip demand is taking a toll on the quarter’s results. Shares plunged 3.08% after hours. The adjusted figure excludes the [...]
MEMC Electronic Materials Inc. (NYSE:WFR) reported first-quarter 2012 adjusted net loss per share of 26 cents, which missed the Zacks Consensus Estimate of 15 cents loss per share. The ongoing weakness in semiconductor and solar chip demand is taking a toll on the quarter’s results. Shares plunged 3.08% after hours.
The adjusted figure excludes the impact of direct sales and lease-back from the Solar Energy segment as well as some tax benefits.
Revenues
On a GAAP basis, MEMC reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards