SunEdison Semi (SEMI) Poss Q3 Loss of $1.91/Share

SunEdison Semi (NASDAQ: SEMI) reported Q3 EPS of ($1.91), which may note compare to the analyst estimate of ($0.16). Revenue for the quarter came in at $213.2 million versus the consensus estimate of $226.5 million.

Third Quarter 2014 Highlights:

• Gross profit grew 31.4% sequentially and 27.0% year-over-year
• Strong SOI growth year-over-year and strong industry demand
• Generated positive operating cash flows in the quarter

"Market conditions have stabilized, but are not as robust as originally anticipated," said Shaker Sadasivam, SunEdison Semiconductor's President and Chief Executive Officer. "We grew gross profit during the third quarter, and our 300mm utilization remains high. We anticipate that continued growth in 300mm demand will enable price increases in 2015. Our focus over the next several quarters continues to be driving profitable growth and diligent cost management."

For earnings history and earnings-related data on SunEdison Semi (SEMI) click here.

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