North Coast Solar Stocks

April 9, 2009

MEMC Announces Preliminary First Quarter Results and Date of Earnings Conference Call

Filed under: WFR — Tags: , , , — Jason @ 4:15 pm

Thursday April 9, 2009, 4:15 pm EDT

ST. PETERS, Mo., April 9 /PRNewswire-FirstCall/ — MEMC Electronic Materials, Inc. (WFR) today announced preliminary results for the quarter ended March 31, 2009.

The company expects to report first quarter revenues of approximately $214 million, consistent with the company’s previous outlook that revenue could decline by as much as 50% from the fourth quarter of 2008. As a result of lower pricing and additional underutilization charges, gross margin for the quarter is now expected to be approximately 9% of sales, compared to the company’s previous outlook of gross margins declining to the 20% range.

The company will release full first quarter 2009 financial results on April 23, 2009 after the close of the market and will host its regularly scheduled conference call at 5:00 p.m. Eastern Time, which will be broadcast on the Company’s web site at .

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