UPDATE: MEMC Electronic Posts Q2 Net Loss

MEMC Electronic Materials

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.