SunEdison Q2 Earnings Top Estimates - Quick Facts

(RTTNews) - Semiconductor and solar technology company SunEdison Inc.(SUNE) Thursday reported a significant reduction in its second-quarter loss attributable to SunEdison stockholders to $41.2 million from a loss of $ 102.9 million in the year-ago quarter. Loss per share narrowed to $0.16 from $0.45 a year ago.

On an adjusted basis, the company earned $0.12 per share. On average, 11 analysts polled by Thomson Reuters expected loss per share of $0.28 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly sales improved to $646.2 from $401.3 million last year. Analysts estimated revenues of $571.76 million.

Commenting on the results, Ahmad Chatila, Chief Executive said: "...Among the milestones achieved were the successful completion of the SunEdison Semiconductor IPO and the placement of convertible senior notes, both of which give us additional flexibility to accelerate growth. In addition, just after quarter-end we successfully completed the TerraForm Power IPO which we expect to be a key driver for lower cost of capital."