MEMC Electronic Materials (WFR) reported second quarter net income of $0.06 per share after the bell Thursday, up from $0.01 per share in the prior year period. The consensus estimate was for EPS of $0.09.
MEMC Electronic Materials gapped open sharply lower Friday and has continued to decline on above average volume. Shares are currently down 2.00 at $9.26. The stock has dropped below support and is trading at a new low for the year.
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