MEMC had a $4.5m net loss, or 2 cents a share, a year earlier. First quarter sales were $519.2m, down 29% from $735.9m a year earlier and also a 28% decrease from $717.8m in fourth quarter 2011.
“The sequential decrease was primarily driven by lower solar project sales, significantly lower solar wafer volume and pricing, and weaker semiconductor wafer volume and pricing,” MEMC says in a statement.
