MEMC Electronic Materials Inc. (WFR) Thursday reported narrower loss for the first quarter, in spite a revenue decline, influenced by lower operating expenses and higher net loss attributable to non-controlling interests. Adjusted loss per share was, however, wider than analyst estimates.
For the quarter the company posted net loss attributable to shareholders of $89.4 million, narrower than prior-year loss of $98.6 million. On a per share basis, loss totaled $0.40 compared with loss of $0.43 last year.
On an adjusted basis the firm posted loss per share of $0.16 for the three months. Sixteen analysts on average polled by Thomson Reuters estimated loss per share of $0.14 for the period. Analyst estimates typically exclude one-time items.
The company clocked revenue of $443.6 million, down from $519.2 million last year. Analysts were looking were revenue of $423.14 million for the quarter.
The company spent $70.3 million on marketing and administration as opposed to $83.2 million last year.
Looking forward, the firm expects semiconductor materials revenue between $235 million and $245 million for the second quarter and between $960 million and $1 billion for the full-year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.