MEMC Electronic Materials Falling After Hours (WFR)

MEMC Electronic Materials, Inc. WFR late on Monday released financial results and suspended its full year guidance. MEMC Electronic Materials, Inc reported 3rd quarter net income of $17.6 million, or 8 cents per share, compared to a loss of $64.6 million, or 29 cents per share, a year earlier. The company reported revenue of $503.1 million, up from $310 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 13 cents per share, on revenue of $531.27 million. MEMC Electronic Materials, Inc. (WFR) ended the Monday trading session at $12.67 per share but were down nearly 10% to $11.42 during after hours trading. Analysts covering the company's stock have a consensus price target of $13.52 per share. Read more from Benzinga's Company news.