MEMC Electronic Materials Turns a Profit, but Points to Slowdown

Earnings Scorecard
Actual	Estimated*	Year-Ago
$0.02	-$0.01	-$0.49

MEMC Electronic Materials(WFR Quote) posted a fourth-quarter profit, reversing Wall Street's consensus estimate that called for a loss, but the company cautioned investors to expect a slowdown in the next quarter.

The company reported fourth-quarter income of $1.7 million, or 2 cents a share. In fourth quarter of 1999, the silicon wafer maker posted a loss of $33.9 million, or 49 cents a share. Revenue rose 39% to $255 million from $183 million in the same quarter last year.

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