MEMC (WFR) Shares Tumble on Soft Q1 Sales
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Shares of MEMC Electronic Materials (NYSE: WFR) have fallen more than 10% in today's after-hours session on preliminary Q1 sales which came in well below analyst estimates. The silicon wafer manufacturer said sales for the quarter will come in at about $214 million, about $11 million below the Street's estimate of $225.03 million.
MEMC most recently traded at $17.15, down from $18.94 at the close.
MEMC most recently traded at $17.15, down from $18.94 at the close.
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