MEMC Electronic Materials (WFR) Reports Q3 Miss; Guides Q4, Cuts FY11 Outlook
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MEMC Electronic Materials, Inc. (NYSE: WFR) reported Q3 EPS of $0.03, $0.09 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $516.2 million versus the consensus estimate of $784.78 million.
The company reported a GAAP loss of 22 cents per share.
Sees Q4 sales of $800 million to $1.1 billion, which compares to the Street estimate of $1.47 billion. Sees EPS of $0.00 to $0.20, vs. the consensus of $0.54.
Cuts its FY11 sales guidance to $3.3-$3.6 billion. Adj-EPS of 16-36 cents (including a 25 cent charge).
The company reported a GAAP loss of 22 cents per share.
Sees Q4 sales of $800 million to $1.1 billion, which compares to the Street estimate of $1.47 billion. Sees EPS of $0.00 to $0.20, vs. the consensus of $0.54.
Cuts its FY11 sales guidance to $3.3-$3.6 billion. Adj-EPS of 16-36 cents (including a 25 cent charge).
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