Sunedison Semiconductor Ltd (SEMI) Releases Earnings Results, Misses Expectations By $-0.89 EPS

Sunedison Semiconductor Ltd (SEMI) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $-1.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.89. Analysts had a consensus of $-0.26. The company posted revenue of $190.90 million in the period, compared to analysts expectations of $198.32 million. The company’s revenue was down -7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.37 EPS.

Sunedison Semiconductor Ltd (SEMI) witnessed a volatile trading activity on Tusday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $6.5 and reached the intraday high at $6.53. The bulls started the profit booking and pushed the shares to intraday low of $6.47. The trading session was marked by a volume range of 2,21,850 shares exchanging hands. The 52-week high of the shares is $14.08 and the 52-week low is $3.24. The market cap of the company stands at $273 M and there are 4,19,88,280 shares in public circulation.

In a different news, on Aug 24, 2015, Michael F. Bartholomeusz (director) sold 12,025 shares at $12.31 per share price. According to the SEC, on Aug 18, 2015, Shaker Sadasivam (CEO) purchased 26,792 shares at $13.14 per share price. On Aug 18, 2015, John Anthony Kauffmann (VP-Global Sales) purchased 4,000 shares at $13.11 per share price, according to the Form-4 filing with the securities and exchange commission.

SunEdison Semiconductor Limited is engaged in the development manufacture and sale of silicon wafers. The Company also develops advanced substrates such as epitaxial (EPI) wafers and wafers for the silicon-on-insulator (SOI) market. It also sells intermediate products such as polysilicon ingots and scrap wafers to semiconductor device and equipment makers. It has approximately 1500 products in its portfolio. It offers wafers with a variety of features and in varying sizes flatness characteristics crystal properties and electrical properties. Its wafers range in size from around 100 millimeters to 300 millimeters. It also manufactures a limited number of around 450 millimeters mechanical wafers that are used by semiconductor equipment manufacturers for development of process equipment. It sells its products to the semiconductor manufacturers including integrated device manufacturers and pure-play semiconductor foundries and companies that specialize in wafer customization.

Sunedison Semiconductor Ltd

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