Energy Conversion Devices' Profit Falls

Energy Conversion Devices'(ENER Quote) fiscal third-quarter profit plunged but came in above Wall Street estimates.

The Rochester Hills, Mich.-based company, which makes thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, posted net income of $1.3 million or 3 cents per share compared with $7 million or 17 cents in the year-ago period.

Revenue came in at $66 million, compared to $70 million in the third quarter of fiscal 2008. Analysts polled by Thomson Reuters were expecting earnings of 2 cents , but on $68.9 million in revenue. ...