SunEdison Semiconductor (SEMI) Posts Q2 Profit Versus Expected Loss

SunEdison Semiconductor (NASDAQ: SEMI) reported Q2 EPS of $0.34, which may not compare to the analyst estimate of ($0.37). Revenue for the quarter came in at $214.9 million versus the consensus estimate of $216.55 million.

"I am pleased with our performance in the second quarter," said Shaker Sadasivam, SunEdison Semiconductor's President and Chief Executive Officer. "Demand grew and our average selling price increased sequentially despite the competitive market environment. Additionally, lower costs and improved plant utilization contributed to higher gross profit compared to the prior quarter. Our focus over the next several quarters will be on driving profitable growth through the capture of attractive revenue opportunities and relentless cost management."

For earnings history and earnings-related data on SunEdison Semiconductor (SEMI) click here.

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