Market Overview

UPDATE: MEMC Posts Upbeat Q4 Adjusted Earnings

Related WFR
Mid-Afternoon Market Update: Markets Pick Up Speed While Solars Rise
PreMarket Info Recap for May 30, 2013

MEMC Electronic Materials (NYSE: WFR) reported a narrower Q4 loss.

MEMC posted a quarterly loss of $11.8 million, or $0.05 per share, versus a year-ago loss of $1.48 billion, or $6.44 per share. On an adjusted basis, it earned $0.08 per share.

Its total revenue declined to $600.7 million, from $717.8 million. However, analysts were expecting adjusted earnings of $0.01 per share on revenue of $666.6 million.

MEMC shares declined 1.23% to $4.76 in after-hours trading.

Posted-In: profitEarnings News

 

Most Popular

Related Articles (WFR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free