November 7, 2012 / 11:21 AM / 5 years ago

MEMC posts profit on semiconductor materials business

Nov 7 (Reuters) - Silicon wafer maker MEMC Electronic Materials Inc reported a quarterly profit on higher volumes at its semiconductor materials business, which makes wafers and other products used as components by electronics manufacturers.

Net income was $37 million, or 16 cents per share, for the third quarter, compared with a loss of $94.4 million, or 41 cents per share, a year ago.

Adjusted profit was 30 cents per share.

Analysts had expected a loss of 12 cents per share, according to Thomson Reuters I/B/E/S.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below