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Tuesday, Dec 18
2012, 9:25 AM
GT Advanced (GTAT) -15.3% after resuming trading. The company has guided for Q4 revenue of...
GT Advanced (GTAT) -15.3% after resuming trading. The company has guided for Q4 revenue of $95M-$102M and EPS of -$0.05 to -$0.10, far below a consensus of $146.4M and $0.14. It's also establishing 2013 guidance for revenue of $500M-$600M and EPS of $0.25-$0.45, well below a consensus of $886M and $1.16. An $80M-$90M Q4 inventory write-down is also forecast, and GT expects to exit 2013 with $225M-$275M in cash The usual solar and LED equipment industry issues are blamed. VECO -1%. (PR) (Q3 warning)