MEMC Electronic Materials posts higher Q3 earnings
Oct 25 (Reuters) - MEMC Electronic Materials Inc WFR.N posted higher third-quarter earnings, but gross margin declined sequentially due to a power outage at its Pasadena polysilicon manufacturing facility.
For the third quarter, the company earned $151.5 million, or 65 cents a share, compared with $91.1 million, or 40 cents a share, a year ago.
Sales rose 16 percent to $472.8 million. (Reporting by Purwa Khandelwal in Bangalore)
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