MEMC reports decline in sales, first-quarter profit

St. Peters-based MEMC Electronic Materials Inc., a maker of silicon wafers for solar modules and semiconductors, reported a first-quarter profit that included a tax benefit. Sales declined by more than half as solar product prices and volumes fell. Net income was $2 million, or 1 cent a share, compared with a loss of $41.8 million, or ...

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MEMC reports decline in sales, first-quarter profit

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