SunEdison Semi (SEMI) Misses Posts Q2 Loss of $1.15/Share

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SunEdison Semiconductor Reports Second Quarter 2016 Results

August 3, 2016 4:16 PM EDT

ST. PETERS, Mo., Aug. 03, 2016 (GLOBE NEWSWIRE) -- SunEdison Semiconductor Limited (NASDAQ: SEMI) ("SunEdison Semiconductor" or the Company) today reported financial results for the second quarter ended June 30, 2016.

Second Quarter 2016 Summary:

Revenue grew sequentially due to increased volumes and stable pricingGross profit up sequentiallyReceived final installment of a customer deposit, the first portion of which was received during the 2016 first quarter

Results Review

Net sales for the 2016 second quarter were $190.9 million, up 4.7% sequentially compared to... More