UPDATE: MEMC Electronic Posts Q2 Net Loss
MEMC Electronic Materials (NYSE: WFR) reported a loss in the second quarter.
MEMC Electronic posted a quarterly net loss of $61.3 million, or $0.27 per share, versus a year-ago net income of $47.3 million, or $0.21 per share.
Its adjusted profit came in at $0.14 per share. MEMC Electronic's GAAP gross margin declined to 13.2% from 24.3%.
Its revenue climbed 8% to $808.4 million.
MEMC Electronic shares closed at $2.06 yesterday.
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