Seeking Alpha

GT Advanced misses estimates, announces deal with Apple; shares halted

GT Advanced (GTAT): Q3 EPS of -$0.16 misses by $0.15.

Revenue of $40.3M (-76% Y/Y) misses by $52.2M.

Expects 2013 revenue of $290M-$320M and EPS of -$0.40 to -$0.50, below a consensus of $525.8M and $0.23.

Major long-term deal with Apple announced. Apple to make $578M prepayment.

Shares are halted. CC at 5PM ET. (PR)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs