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Energy Conversion posts wider Q4 loss

(Reuters) - U.S. solar company Energy Conversion Devices posted a wider fourth-quarter loss hurt by higher costs and subsidy cuts in Germany and Italy -- the solar market's two biggest markets.

(Reuters) - U.S. solar company Energy Conversion Devices posted a wider fourth-quarter loss hurt by higher costs and subsidy cuts in Germany and Italy -- the solar market's two biggest markets.

For the fourth quarter, the Michigan-based company posted a net loss of $42.1 million, or 84 cents a share, from $20.9 million, or 49 cents a share, last year.

Revenue at the company, which cut a fifth of its workforce in May, fell 15 percent to $73.1 million.

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